Figure 15-6 -Refer to Figure 15-6.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

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The area that represents consumer surplus under a monopoly is the triangle P₀P₁F. This is because consumer surplus is the difference between the highest price a consumer is willing to pay and the actual price they pay. In this case, the highest price a consumer is willing to pay is represented by the point B1 on the demand curve. The actual price they pay is represented by the price at point P on the monopolist's price-output line. The area between the demand curve and the price-output line, from point B1 to point P and then down to point F, represents the consumer surplus.

Figure 15-6 -Refer to Figure 15-6.What Is the Area That Represents Consumer