The above figure shows a market.
-If the market in the figure above is a profit-maximizing single-price monopoly,consumer surplus is the area ________.

Question

Quizplus · Accepted Answer

Consumer surplus in a monopoly is represented by the area above the price level and below the demand curve, up to the quantity sold. In this case, the area ABH represents the consumer surplus, as it is above the monopoly price (represented by line BH) and below the demand curve (line AH), up to the quantity sold by the monopoly.

The Above Figure Shows a Market