Suppose the government regulates the price of a good to be no lower than some minimum level. Moreover, suppose firms misinterpret the regulated price as a signal to produce more output. Using the...

Extracted text: Suppose the government regulates the price of a good to be no lower than some minimum level. Moreover, suppose firms misinterpret the regulated price as a signal to produce more output. Using the graph to the right, compute this fictional industry's net gain or loss resulting from this policy. As a whole, firms in this industry will experience a net of $ P = $6.50 because of this policy. (Enter your response rounded t whole number.) 5.00 3.50 gain loss D 120 180 Quantity Price ($)