Assume the four major grocery stores in a large metropolitan area decide to meet secretly to fix prices for meat. it would be easiest to maintain this arrangement when:

7. suppose that the bc government wishes to reduce the quantity of beer sold in the province by 20%. it has calculated that this goal can be achieved either through a price floor set at $2 per six-pack of beer or a price ceiling of $20 per six-pack of beer. assume that the current price of beer is $10 per six-pack. which of the following statements about these policies is true? a) the deadweight loss from the price floor will be greater than the deadweight loss from the price ceiling. b) the deadweight loss from the price ceiling will be greater than the deadweight loss from the price floor. c) there is insufficient information to determine which policy will have the large deadweight loss. d) none of the above statements is true.