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    Total Revenue

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    A firm is practicing first degree price-discrimination. The demand for the firm's product is defined as QD = 20-2P. If the firm maximizes profits by selling 4 unites of output and the product is infinitely divisible what is the firm's total revenue?

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    Solution Preview

    The total revenue to the firm under first degree price discrimination is the area under the demand curve between Q=0 to Q=4. ...

    Solution Summary

    Total revenue is assessed in the solution.