The figure given below shows a situation where the producers of good X are forming an international cartel. Here, MR = Marginal Revenue, MC = Marginal Cost, and P = Price. The cartel use monopoly pricing for its output. Price ( dollars per unit ) 0 300 500 600 1,000 1,500 MC curve of cartel (= supply curve if there is perfect competition) Demand MR Quantity (Millions of units ) 100 150 H ow much would the consumer surplus fall after the formation of the cartel? a. $5 billion b. $15 billion c. $20 billion d. $5 0 billion