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--' LUM 1.0.! AudioPlus buys the rights to be the only streaming platform to play music from a popular artist. AudioPlus pays $400,000 a year

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\\--' LUM 1.0.!\" AudioPlus buys the rights to be the only streaming platform to play music from a popular artist. AudioPlus pays $400,000 a year forthis artist and the marginal cost of providing this artist's music is zero. AudioPlus' economist realizes they have two groups of customers: the 6,000 hard-core fans of this artist who will pay up to $400 a year to be 5 ' able to listen to this artist's music; and the 80,000 casual music fans '8 who will pay up to $40 a year to listen to this artist's music. IfAudioPlus can NOT price discriminate, what is its maximum prot? At what price do they maximize prot? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. ' Profit = $3.0 miliion; Price = $40

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