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

question 26

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 each of the other twocountries?

• A)20,000
• B)30,000
• C)70,000
• D)24,000

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Definitions:

Thirst

A sensation caused by the physiological need for water, prompting animals and humans to consume fluids.

Driving Ability

A set of skills and capabilities required to operate a vehicle safely, including motor coordination, cognitive comprehension, and adherence to traffic laws.

BAL

Blood Alcohol Level, a measurement of alcohol intoxication for legal and medical purposes.

Small Intestine

A part of the gastrointestinal tract between the stomach and large intestine that absorbs nutrients and minerals from food.