Use the following to answer question: 
-(Table: Demand for Crude Oil) Use Table: Demand for Crude Oil.Assume that the crude oil industry is a duopoly and the marginal cost and fixed cost of producing crude oil equal zero.Suppose that the two firms are maximizing industry profit and splitting the profit evenly.If both firms decide to cheat and produce 10 more barrels each,the price of crude oil will be:
Definitions:
Business Loans
Credit facilities extended to businesses for various purposes, including capital expenditure, operational costs, and expansion activities, typically with repayment terms.
Disposable Income
The sum of money households can spend or save once income taxes have been deducted.
Saving
The process of setting aside a portion of current income for future use, typically to achieve long-term financial goals or provide a safety net.
Corporation's Capitalization
The total value of a corporation's issued shares of stock, debt, and other financial instruments, representing the company's funding structure.
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