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The theorem of consumer surplus and demand elasticity at equilibrium price in a monopolist competition case

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  • Grebennikov, Petr I

Abstract

In the market of a monopolistically competition the price of a long-run equilibrium, the consumers’ surplus is equal to a half of fixed cost value, and the price elasticity is equal to the ratio of total to fixed costs.

Suggested Citation

  • Grebennikov, Petr I, 2010. "The theorem of consumer surplus and demand elasticity at equilibrium price in a monopolist competition case," MPRA Paper 33535, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33535
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    File URL: https://mpra.ub.uni-muenchen.de/33535/1/MPRA_paper_33535.pdf
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    References listed on IDEAS

    as
    1. Joan Robinson, 1969. "The Economics of Imperfect Competition," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15320-6.
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    More about this item

    Keywords

    consumer surplus; price elasticity;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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