Question: Please write the process Use the following information to answer the next 2 questions. Collusion and cartels are generally illegal in North America. One of

Please write the process Use the following information to answer the

Please write the process

Use the following information to answer the next 2 questions. Collusion and cartels are generally illegal in North America. One of the few exceptions is the Federation of Quebec Maple Syrup Producers, a government-sanctioned cartel of maple syrup companies. As of December 2021, there are around 11.000 members in the cartel. For simplicity, let's say there are 10 members in the cartel. Suppose P = 250 14 Q is the market demand and AC = 10. Quantities of maple syrup are measured in barrels 29. If the 10 maple syrup producers are colluding, how much will each member receive in profits? Assume that the output and profits are split evenly among producers. a. $28,800 b. $2880 c. $1440 d. $14,400 30. Suppose 2 producers decide to cheat and they each produce 6 additional barrels of maple syrup. What will happen to the individual profits of the other 8 members compared to what we found above? a. Decrease by $144 b. Decrease by $1440 c. Increase by $144 d. Increase by $2800

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