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?© BrainMass Inc. brainmass.com October 9, 2019, 10:45 pm ad1c9bdddf
The total revenue to the firm under first degree price discrimination is the area under the demand curve between Q=0 to Q=4. ...
Total revenue is assessed in the solution.