The Figure Below Shows the Result of a Price Fixing

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. By forming this price-fixing cartel,producers gained $__________ of producer surplus,while consumers lost $__________ of consumer surplus.

A) $15,000; $10,000
B) $15,000; $20,000
C) $20,000; $10,000
D) $20,000; $5,000