Multiple Choice
A firm practices first-degree price discrimination. The demand for the firm's product is defined as QD = 20 - 2P. If the firm maximizes profit by selling 4 units of output and the product is infinitely divisible, what is the firm's total revenue?
A) $32
B) $36
C) $40
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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