Figure 15-18
-Refer to Figure 15-18. If the monopoly firm is not allowed to price discriminate, then consumer surplus amounts to
A)$1,000.
B)$2,000.
C)$3,000.
D)$4,000.

Question

Figure 15-18 
-Refer to Figure 15-18. If the monopoly firm is not allowed to price discriminate, then consumer surplus amounts to
A)$1,000. 
B)$2,000. 
C)$3,000. 
D)$4,000.

Quizplus · Accepted Answer

Consumer surplus is the area above the price level and below the demand curve. Without price discrimination, the monopoly sets a single price, and consumer surplus is calculated based on that price and the demand curve.

Figure 15-18 -Refer to Figure 15-18. If the Monopoly Firm Is Not