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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

The Figure Below Shows the Result of a Price Fixing