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,industry output will be _____ barrels.
Definitions:
Unsecured Loan
A loan that is issued and supported only by the borrower's creditworthiness, without the need for collateral.
Q35: A monopolistically competitive industry,such as corn snack
Q45: (Figure: Monopoly Model)Use Figure: Monopoly Model.The profit-maximizing
Q87: The municipal swimming pool charges lower entrance
Q96: (Figure: City with Two Polluters)Use Figure: City
Q105: When the government attempts to reduce the
Q149: (Figure: Payoff Matrix for Gehrig and Gabriel)Use
Q179: In the long run,monopolistically competitive firms tend
Q181: (Table: Coal Mine Pollution)Use Table: Coal Mine
Q204: When a monopolistically competitive industry earns economic
Q214: (Table: Demand for Lenny's Coffee)Use Table: Demand