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When it produces and sells 80 units of output, a competitive firm's average total cost is $25 and its profit is $480. What is the firm's total revenue if it sells 85 units of output?
Comprehensive Environmental Response, Compensation, and Liability Act
A U.S. federal law, enacted in 1980, designed to clean up sites contaminated with hazardous substances.
Potentially Responsible Parties
Individuals or entities that may be liable for contamination at a hazardous waste site under environmental laws.
Environmental Impact Statement
A document that provides a detailed analysis of the potential effects a proposed project or action may have on the environment, as required by law, before certain actions can proceed.
National Environmental Policy Act
A United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality.
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