King Kanuta rules a small tropical island whose primary crop is coconuts. If the price of coconuts is $p, then the king's subjects demand D(p)=1200−100p coconuts per week for their own consumption. The king has a monopoly on the production of coconuts, and he can produce any quantity he wants at a zero cost. The king's goal is to maximize his revenue. He can do this by setting the price of coconuts so that he sells the quantity that maximizes his total revenue. To maximize his total revenue, the king should set the price of coconuts at p=6. This will result in a quantity of Q=600 coconuts being sold, and the king's revenue will be R=6⋅600=$3600. Option 1: The king should set the price of coconuts at p=6. Option 2: The king should set the price of coconuts at p=8. Option 3: The king should set the price of coconuts at p=10. Option 4: The king should set the price of coconuts at p=12.