The accompanying figure depicts a generalized downward-sloping market demand (D) curve for a product. It also shows the firm's relevant marginal revenue (MR) curve and marginal cost (MC) curve. Refer to this figure to answer the questions.
-For a perfectly competitive market, which area(s) are designated as consumer surplus?

Question

The accompanying figure depicts a generalized downward-sloping market demand (D) curve for a product. It also shows the firm's relevant marginal revenue (MR) curve and marginal cost (MC) curve. Refer to this figure to answer the  questions. 
-For a perfectly competitive market, which area(s) are designated as consumer surplus?

Quizplus · Accepted Answer

The Answer of The accompanying figure depicts a generalized downward-sloping market demand (D) curve for a product. It also shows the firm's relevant marginal revenue (MR) curve and marginal cost (MC) curve. Refer to this figure to answer the  questions. 
-For a perfectly competitive market, which area(s) are designated as consumer surplus?

The Accompanying Figure Depicts a Generalized Downward-Sloping Market Demand (D)