=+8. Download Records decides to release an album by the group Mary and the Little Lamb. It produces the album with no fixed cost, but the total cost of creating a digital album and paying Mary her royalty is $6 per album. Download 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.

Price of album Quantity of albums d emanded

$22 o 20 1,000 18 2,000 16 3,000 uw 4,000 2 5,000 10 6,000 8 7,000