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ABC Records decides to release an album by the group Cat and the Kittens. It produces the album with no fixed cost, but the total

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ABC Records decides to release an album by the group Cat and the Kittens. It produces the album with no fixed cost, but the total cost of downloading an album to a CD and paying Mary her royalty is RM6 per album. WOU Records can act as a single-price monopolist. Its marketing division finds that the demand schedule for the album is as shown in the accompanying table.

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Price of album (RM) Quantity of album demanded 22 0 20 1000 18 2000 16 3000 14 4000 12 5000 10 6000 8 7000

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