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Calculate the following:
Price
1.
2.
3.
Consumer Surplus
Producer Surplus
Total Surplus
$160
Consumer
Surplus
S
$60
Producer
Surplus
$10
D
10
Quantity
Assume the market becomes
monopolized. The new
monopoly price and quantity
are $100 and 6.
Price
$160
$100
Calculate the following:
1.
2.
3.
Consumer
Surplus
Consumer Surplus
Producer Surplus
Dead Weight Loss
S
Producer
Surplus
DWL
$60
$40
$10
D
6
10
Quantity