Use the following to answer question: 
-(Table: Demand for Crude Oil) Use 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:
Nominal Group Technique
A structured method for group brainstorming that encourages contributions from everyone in the group to identify solutions for problems.
Problem-Solving Technique
Methodologies or approaches applied to identify solutions to complex issues or challenges.
Delphi Technique
A method used in forecasting and decision-making, where a panel of experts answers questionnaires in several rounds, and after each round, their responses are aggregated and shared with the group for further refinement.
Nominal Group Technique
A structured method for group brainstorming that encourages contributions from everyone in the group by having members write down their ideas and then collectively discussing and ranking them.
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