The inverse demand for milk is PD=90 -0.8Q. PD=90-0.8Q. The supply of milk is, PS= 17+ 1.5Q. Now suppose that the market was run by a cartel. The cartel restricts quantity in order to maximize industry profits. In other words, it acts like a monopolist. The marginal cost of milk is, MC(Q) = 17+ 1.5Q. What is the profit-maximizing quantity of milk? What is the profit-maximizing price of milk? What is the consumer surplus now? What is the marginal cost at the profit-maximizing quantity? If the cartel maximizes profits, what is the deadweight loss? What is the maximum producer surplus?