The figure below shows the market equilibrium (point B) at the intersection of demand and supply curves under perfect competition. Figure 11.5

D: Market demand curve
S: Market supply curve
Refer to Figure 11.5. 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?
a. An area that is less than PPCBA
b. The area 0BPPC
c. The area PPCBA
d. The area ABS
e. The area 0BA

Transcribed Image Text:

Price per unit Ppc Quantity Qpc