The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition.Figure 11.5
D: Market demand curve
S: Market supply curve
-Refer to Figure 11.5. Assume that the curve labeled S represents the monopolist's marginal-cost curve and the curve labeled D represents the monopolist's demand curve. Which of the following will represent the consumer surplus?

Question

The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition.Figure 11.5

D: Market demand curve
S: Market supply curve
-Refer to Figure 11.5. Assume that the curve labeled S represents the monopolist's marginal-cost curve and the curve labeled D represents the monopolist's demand curve. Which of the following will represent the consumer surplus?

Quizplus · Accepted Answer

The Answer of The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition.Figure 11.5 D: Market demand curve S: Market supply curve -Refer to Figure 11.5. Assume that the curve labeled S represents the monopolist's marginal-cost curve and the curve labeled D represents the monopolist's demand curve. Which of the following will represent the consumer surplus? A)The area P_PCBA B)The area 0BP_PC C)The area 0BA D)An area that is less than P_PCBA E)The area ABS

The Figure Below Shows the Market Equilibrium (Point B) at the Intersection