In perfectly competitive market models, consumer surplus tends to be maximized because prices are driven toward marginal costs. However, in monopolistic or oligopolistic markets, producers can often ...

Consumer surplus and producer surplus figures are derived from demand and supply curve analysis. The demand curve shows how many quantities of a product consumers are willing to purchase at different ...

In economics, the consumer surplus is the satisfaction a consumer receives when purchasing a good or service. Graphically, it is depicted as the triangle-shaped area formed by the aggregate demand ...