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2. During the 1990s, the lysine producers formed a (now famous) cartel that maintained the shares shown in part a. Under the cartel, the world

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2. During the 1990s, the lysine producers formed a (now famous) cartel that maintained the shares shown in part a. Under the cartel, the world price of lysine rose to an average of $1.12 per pound. Total world production at this time was about 100 thousand metric tons per year. Ametric ton = 2,200 pounds. What was the total additional profit that the industry earned as a result of the cartel

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