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1 Producer surplus for an individual and a market Suppose the market for pizza is a perfectly competitive marketthat is, sellers take the market price

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1 Producer surplus for an individual and a market Suppose the market for pizza is a perfectly competitive marketthat is, sellers take the market price as given. Nick owns a restaurant where he sells pizza. The following graph shows Nick's weekly supply.r curve, represented by the orange line. Point A represents a point along his supply:r curve. The price of pina is $3.00 per slice, as shown by the horizontal black line. Nick's Weekly Supply {5|} 6.75 .U' 55' N D U1 6 r\" 6" 6 PRICE (Dollarsparsioa) pr: or: 8 E: .N N U1 [175 Supply D 2 II E B 10 12 1-1- lfi 13 2D QUANTITY (Slices of pizza}

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