The figure below depicts the market demand curve a monopoly firm faces. If the monopoly firm successfully practices first-degree price discrimination, the firm's total revenue amounts to ________. $4,000 $10,000 $6,000 $5,000

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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  1. The figure below depicts the market demand curve a monopoly firm faces. If the monopoly firm successfully practices first-degree price discrimination, the firm's total revenue amounts to ________.
    1. $4,000
    2. $10,000
    3. $6,000
    4. $5,000
 
The figure below depicts the market demand curve a monopoly firm faces. If the monopoly firm successfully
practices first-degree price discrimination, the firm's total revenue amounts to
Price
$40
30
20
10
0
100
200
Marginal
Revenue
300
400
Marginal Cost
Demand
Quantity
Transcribed Image Text:The figure below depicts the market demand curve a monopoly firm faces. If the monopoly firm successfully practices first-degree price discrimination, the firm's total revenue amounts to Price $40 30 20 10 0 100 200 Marginal Revenue 300 400 Marginal Cost Demand Quantity
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