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