Question: Suppose that a price-taker firm has a marginal cost function given by: MC= 20+0.2q . The firm could join a cartel in its industry and

Suppose that a price-taker firm has a marginal cost function given by:MC= 20+0.2q. The firm could join a cartel in its industry and agree to a quota of10units. The collusion drives the price of the good from$24.55 to $50.00.

Calculate the producer surplus of this firm when they produce the quota.

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