Use the following to answer questions: 
-(Table: Demand for Crude Oil) Look at the 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:
Molecular Formula
A notation that shows the number and type of atoms in a molecule, without indicating how they are bonded together.
Line-Angle Structure
A shorthand diagrammatic method used in organic chemistry to represent chemical structures with lines representing bonds and angles representing chemical bonds without the need to draw all atoms.
Lewis Structure
An illustration depicting the bonds among a molecule's atoms and the potential unshared electron pairs present.
Lone Pairs
Paired valence electrons on an atom in a molecule that are not involved in bonding.
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