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The Figure Below Shows the Result of a Price Fixing

Question 11

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. Answer Questions using this figure 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. Answer Questions using this figure -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.


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

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