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Assume that in the city of San Diego the market demand for paddleboards is given byPd=100Qd Pd=100Qd.In San Diego there are three companies that supply

Assume that in the city of San Diego the market demand for paddleboards is given byPd=100Qd

Pd=100Qd.In San Diego there are three companies that supply paddleboards ( Piddle-Paddle Boards, Piddaddle Boards, and Waterbug Boards). They can each supply paddleboards at a constant marginal cost of $10.Now assume that none of the companies are able to hold the collusive agreement and instead they each produce 25 paddleboards.By how much is producer surplus reduced as a result of their failure to hold to a collusive agreement?

agreed price= 10

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