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 of producing crude oil is zero. Suppose that the two firms are maximizing industry profit and splitting the profit evenly. If firm 1 decides to cheat and increase production by 10 more barrels, the price of crude oil will be:
Definitions:
Mental Rotation
The cognitive ability to rotate mental representations of two-dimensional and three-dimensional objects.
Mental Maps
Internal representations of physical locations, helping individuals navigate and understand spatial environments.
Propositional View
The propositional view is a perspective in cognitive science and philosophy that suggests that knowledge, thought, and mental activities are structured in propositions or statement-like entities.
Barbara Tversky
A cognitive psychologist known for her research in the fields of spatial reasoning and collaborative cognition.
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