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redesace90 redesace90
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5 years ago
In a perfectly competitive market, if all firms face identical, constant marginal cost curves, then consumer surplus is
A) the area beneath the market demand curve and above the market clearing price.
B) the area above the market demand curve and above the market clearing price.
C) the total area beneath the market demand curve.
D) definitely zero.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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taneymctaneymc
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5 years ago
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redesace90 Author
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#2
5 years ago
Makes more sense now, have a good weekend!
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