How do you determine consumer and producer surplus in a monopoly?

Start of by plotting a demand and supply diagram, indicate the equilibrium. Add in the marginal revenue line because a monopoly produces where MC = MR.

SF
Answered by Sheheryar F. Economics tutor

1690 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

are technological developments making perfect competition more realistic


Factors that affect the demand of a good or service?


Analyse how a fall in the value of a currency may increase a current account surplus on the balance of payments.


Assess the impact of minimum wage legislation on a developing economy.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning