Cournot Perfect Competition Consumer Surplus

Units:	$
Mode:	Output Only
Multi-band:	False
Default Value:
Validation Rule:
Key Property:	No
Description:	Consumer surplus in the perfect competition solution
Detail:

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:

• Cournot Perfect Competition Producer Surplus
• Cournot Consumer Surplus