(Table: Three-Country Oil Production) Refer to the Table

question 41

Multiple Choice

(Table: Three-Country Oil Production) Refer to the table.Suppose that three countries are engaged in oil production.For simplicity, assume zero costs so that revenue equals profit.Assume that Country A cheats on the cartel agreement byproducing 200 more barrels than the other two countries.What is the resultant profit earned by Country A?

• A)70,000
• B)6,000
• C)24,000
• D)30,000

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