-Refer to Figure 9-11. Assume the firm maximises its profits. What is the amount of consumer surplus?

Name: -Refer to Figure 9-11. Assume the firm maximises its profits. What is the amount of consumer surplus?
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Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. The correct amount of consumer surplus is $186, as it represents the difference between what consumers are willing to pay and what they actually pay.