The consumer surplus per unit is determined by:

Name: The consumer surplus per unit is determined by:
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Quizplus · Accepted Answer

The difference between V (value of product to an average consumer) and P (price per unit) is in part determined by the intensity of competitive pressure in the marketplace; the lower the intensity of competitive pressure, the higher the price charged relative to V. In general, the higher the firm's profit per unit sold is, the greater its profitability will be, all else being equal.

The Consumer Surplus Per Unit Is Determined By