The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market.
Figure 10-2 
-Refer to Figure 10-2.What is the producer surplus at the equilibrium level of output?
Definitions:
Marginal Revenue Curve
A graph that shows the increase in revenue generated from selling one additional unit of a good or service.
Total Revenue
The total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.
Quantity Sold
The total number of units of a product sold during a specific period, often used to measure business performance.
Target Return
A financial goal set for the profit or outcome from an investment or business activity.
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