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Consider a firm operating in a market in which it is a price taker. In other words, it faces a horizontal demand curve. Assume that

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Consider a firm operating in a market in which it is a price taker. In other words, it faces a horizontal demand curve. Assume that it faces a market price of 30 per unit for its product. What is its total revenue from selling: (i) 5 units? (ii) 8 units

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