27. A typical consumers demand for the Happy Beverage Companys product looks like that in Figure 25(a).

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27. A typical consumer’s demand for the Happy Beverage Company’s product looks like that in Figure 2–5(a). If the firm charges a price of $2 per liter, how much revenue will the firm earn and how much consumer surplus will the typical consumer enjoy? What is the most a consumer would be willing to pay for a bottle containing exactly 3 liters of the firm’s beverage?

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