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    International Economics Study Set 12
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    Exam 7: Trade Policies for the Developing Nations
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    Figure 7.3. World Oil Market
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Figure 7.3. World Oil Market

Question 125

Question 125

Multiple Choice

Figure 7.3. World Oil Market Figure 7.3. World Oil Market   -Consider Figure 7.3.Under a profit-maximizing cartel, the quantity of oil produced equals A)  40 barrels. B)  70 barrels. C)  90 barrels. D)  110 barrels.
-Consider Figure 7.3.Under a profit-maximizing cartel, the quantity of oil produced equals


A) 40 barrels.
B) 70 barrels.
C) 90 barrels.
D) 110 barrels.

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