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The Figure Below Shows the Result of a Price Fixing

question 39

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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. 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,producers will lose $__________ of producer surplus. A) $5,000 B) $15,000 C) $20,000 D) $31,250 When antitrust enforcement agents break up this price-fixing cartel,producers will lose $__________ of producer surplus.

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