The figure below shows the market equilibrium (point B)at the intersection of demand and supply curves under perfect competition. Figure 24.5 D: Market demand curve
S: Market supply curve
Refer to Figure 24.5.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 24.5  D: Market demand curve
S: Market supply curve
Refer to Figure 24.5.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 24.5  D: Market demand curve
S: Market supply curve
Refer to Figure 24.5.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?

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