Q4. Suppose that Saregama India Limited, the music company, has the copyright to the latest pop album of the band Euphoria. The market demand curve for the album is Q) = 800 - 100p, where Q represents quantity demanded in thousands and p represents the price in dollars. Production requires a fixed cost of $100,000 and a constant marginal cost of $2 per unit. a. What price and sales shall maximize profits for Saregama? b. What is the maximum profit? c. Calculate the Lerner Index at the profit-maximizing scale of production. d. Suppose that the fixed cost rises to $200,000. How would this affect the profit-maximizing price