What is the total consumer surplus when GreatReception operates as a monopolist? ($9800, $7350, $6900, or $2450)
How do I calculate the consumer surplus in a monopolist company? Is there a formula for the calculation.
additional details
The profit maximizing, GreatReception will produce __350____ cell phones and charge __26__ each.
The GreatReception's profit s when producing at the profit-maximizing output at $9100.
So please me out here with these information to calculate the total consumer surplus in a monopolist company?
Thank you
2007-11-19
08:54:50
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1 answers
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Business & Finance
➔ Taxes
➔ United Kingdom