In 1998, five companies were found guilty because of their actions to raise the price of an animal feed additive, lysine, by limiting its supply. Explain why they would engage such a practice with the...

In 1998, five companies were found guilty because of their actions to raise the price of an animal feed additive, lysine, by limiting its supply. Explain why they would engage such a practice with the use of a graph. Assume that the demand for lysine is inelastic in the short term.