The Figure Below Shows the Result of a Price Fixing

question 46

Multiple Choice

The figure below shows the result of a price fixing scheme that raised price above competitive levels at point C to a price of $15 at point M. When antitrust enforcement agents break up this price-fixing cartel,consumers will gain $__________ of consumer surplus.

• A)$5,000
• B)$15,000
• C)$20,000
• D)$31,250

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Definitions:

Network of Networks

A description often used for the internet, highlighting how it interconnects multiple independent networks globally.

Social Commerce

A subset of e-commerce that uses social networks to assist in marketing and purchasing products.

Server

A system or computer that offers programs, services, data, or resources to other computers, referred to as clients, across a network.