The Supply-Demand Condition of a specific perfectly competitive market is shown in the figure. At the equilibrium point, which of the following areas represents the producer surplus?

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asked May 17, 2022 4.9k views

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The Supply-Demand Condition of a specific perfectly competitive market is shown in the figure. At the equilibrium point, which of the following areas represents the producer surplus?

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James Oravec asked

by James Oravec

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Answer:

the point between the supply intercept and equilibrium or total surplus minus consumer surplus

Halcwb answered May 23, 2022

by Halcwb

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