How much "wave" is normal on a record?

I just picked up Random Access Memories by Daft Punk and noticed the hole was nearly too small to fit on the spindle, it was really tight and needed a bit of help to go down to the platter. I also noticed the record wasn't very flat, it appears flat to the naked eye, but I noticed a decent amount of up and down motion on my tonearm. Did I get a bad copy?