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Assume that an eight-rm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each rm supplies an equal
Assume that an eight-rm cartel supplies 500 million units of Whatailsya energy drink at a price of $5.00 per unit. Each rm supplies an equal share of the cartel's output. One rm decides to cheat and supplies 50 million extra units, causing the price of Whatailsya to decrease to $4.50 per unit. Assuming that the loss due to the fall in price is evenly spread across all rms in the cartel, what is the net gain for the cheating rm, in millions of dollars? Round your answer to the nearest million. 1 net gain: $ 83 million Incorrect
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