Cournot Perfect Competition Consumer Surplus

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Mode:Output Only
Multi-band:False
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Key Property:No
Description:Consumer surplus in the perfect competition solution

Cournot Perfect Competition Consumer Surplus is consumer surplus in the perfect competition solution. Since the demand curve is linear this surplus is defined as:

Perfect Competition Consumer Surplus = 0.5 × ( Demand Intercept - Perfect Competition Price ) × Perfect Competition Demand

See also: