Units: | $ |
Mode: | Output Only |
Multi-band: | False |
Default Value: | |
Validation Rule: | |
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 DemandSee also: