A Firm Faces the Demand for Its Product, , as Shown

question 10

Multiple Choice

A firm faces the demand for its product, , as shown in the figure below. It produces under conditions of constant costs in the long run, and LMC = LAC = $12 per unit. Answer Questions .
-the firm can practice first-degree price discrimination, it will be able to collect $________ in total revenue under perfect price discrimination.

• A) $1,872
• B) $1,936
• C) $7,744
• D) $9,856
• E) none of the above

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Definitions:

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