-Refer to Figure 9-10. What is the area that represents consumer surplus under a monopoly? A) the triangle P₀P₁F B) the triangle P₀P₂E C) the trapezium P₁P₂EF D) the rectangle P₁P₃HF

Question

Quizplus · Accepted Answer

In a monopoly, consumer surplus is the area above the price level and below the demand curve, up to the quantity sold. The triangle P₀P₁F represents this area.