(Table: Market for Oil) Refer to the Table

question 51

Multiple Choice

(Table: Market for Oil) Refer to the table. Suppose that thesecountries form a cartel and each country produces 8 MBD. Ifone of the cartel members cheats by secretly pushing itsproduction back to 10 MBD rather than 8, total revenue forthe non-cheating countries would:

• A)decrease from $400 million to $380 million a day.(True Answer )Correct
• B)decrease from $360 million to $288 million a day.
• C)increase from $400 million to $500 million a day.
• D)remain unchanged at $380 million a day.

---

Definitions:

Hypnosis

A state resembling trance where focus is intensified and susceptibility increased, commonly utilized for healing objectives.

Dissociation

A cognitive function leading to a disconnection in someone's thinking, recollection, and self-perception.

Depressant

A substance that reduces the functional or nervous activity of the body, often used to induce calm or sleep.

Alcohol

A psychoactive substance commonly found in beverages like beer, wine, and spirits, known for its effects on mood, cognition, and physical coordination.