Exhibit 13-6 Refer to Exhibit 13-6.In perfect competition,producer surplus is area:

Name: Exhibit 13-6 Refer to Exhibit 13-6.In perfect competition,producer surplus is area:
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Exhibit 13-6  Refer to Exhibit 13-6.In perfect competition,producer surplus is area:

Quizplus · Accepted Answer

In perfect competition, producer surplus is the area above the supply curve and below the market price. In Exhibit 13-6, producer surplus is represented by the area d+e. Therefore, the correct answer is C.