Use the figure below to answer the following questions. 
Figure 12.3.3
-Consider Figure 12.3.3.Which area indicates the difference in consumer surplus between a single-price monopoly and a perfectly competitive market?
Definitions:
State
Is an organized political community under one government; can refer to a country or a specific government jurisdiction within a country.
Local Government Revenue
The funds collected by municipalities and local authorities through various means such as taxes, fees, and grants, which are used to finance public services and infrastructure.
Expenditures
The act of spending funds or using resources to acquire goods and services.
State
A political entity with defined territorial boundaries, governance structures, and sovereignty over internal and external affairs.
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