-The above figure shows the demand and cost curves for a firm in monopolistic competition. The firm earns total revenue of

Name: -The above figure shows the demand and cost curves for a firm in monopolistic competition. The firm earns total revenue of
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Question

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The firm's total revenue is equal to the area under the demand curve up to the quantity sold. In this case, the quantity sold is 4 units and the price is $30. Therefore, the total revenue is $120.

-The Above Figure Shows the Demand and Cost Curves for a Firm