In a certain industry there are two firms selling similar products, Firm A is the price leader and Firm B the follower. The cost function for the industry is:

C = 60,000 -40Q + 0.025Q²

and the demand function is given by; Q = 4,000 50P.

It has been established that the marginal cost curves for Firm A is exactly the same as that of the industry and its demand function is;

Q_A = 3,200 40P.

Explain the welfare implications for consumers if the two firms above move from a state of tacit collusion into an outright cartel.

Calculate the value of the loss in consumer surplus resulting from the cartelization of Firm A and B.