FIGURE 12- 3
-Refer to Figure 12- 3.Comparing the monopoly equilibrium to the perfectly competitive equilibrium,the area representing the gain in producer surplus due to monopoly is outlined by

Question

FIGURE 12- 3 
-Refer to Figure 12- 3.Comparing the monopoly equilibrium to the perfectly competitive equilibrium,the area representing the gain in producer surplus due to monopoly is outlined by

Quizplus · Accepted Answer

The gain in producer surplus due to monopoly is the area between the demand curve (P2P3) and the monopoly price (P4), which is outlined by the rectangle P2P3CB less the triangle ABE.