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Hi Tutor, OEM Records decides to release an album by the group Kitty and the Kittens. It produces the album with no fixed cost, but
Hi Tutor,
OEM Records decides to release an album by the group Kitty and the Kittens. It produces the album with no fixed cost, but the total cost of downloading an album to a CD and paying Rose her royalty is $10 per album. OEM 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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