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Figure 7.3. World Oil Market

Question 17

Multiple Choice

Figure 7.3. World Oil Market Figure 7.3. World Oil Market -Consider Figure 7.3.Under a profit-maximizing cartel, the price of a barrel of oil equals A) $7. B) $11. C) $16. D) $19.
-Consider Figure 7.3.Under a profit-maximizing cartel, the price of a barrel of oil equals


A) $7.
B) $11.
C) $16.
D) $19.

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