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Economics Meatpacking in America is a highly concentrated industry. Four companies control around 80% of the market. Since the start of the pandemic, profits have increased by roughly 40% for these companies and there has been strong inclinations from the White House, market watchers, and economists that these companies are colluding to keep prices for meat high. For the industry, profits with collusion are roughly 10 billion dollars. Profits without collusion would have been 7 billion dollars. The probability of the government proving these companies engaged in collusion is 30%. How high should the fine be set to deter these companies from continuing to coHude? In general, should the government just set every fine for collusion at 1 trillion dollars so that no company ever engages in collusion again