Rosetown Records discovers an unknown musical group, "The Reactors", playing at Renn Fayre. Rosetown decides to release the Reactors' first CD, and through market research they discover the demand for CDs is as follows: Assume Rosetown can produce the CD with no fixed costs, but there is a constant cost of \$4 per CD. (a) Is Rosetown a perfectly competitive firm? Explain why or why not. (b) What quantity of CDs should Rosetown produce? For how much will each of these CDs sell? What will Rosetown's profit be? (c) The Reactors see that Rosetown is making a profit off of their band without paying them anything. They demand a $30 recording fee. Should Rosetown sign them and produce the CD? If Rosetown does sign the group, how many of their CDS should the company produce? What will the price of each CD be? (d) The band decides rather than a recording fee, they would prefer a royalty of $4 per CD sold. Should the company sign them and produce the CD? If so, what quantity of CDs should they produce and at what price should these CDs be sold