=+approximation, assume OPECs production cost is zero. Indicate OPECs optimal price, OPECs optimal production, and non-OPEC production

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=+approximation, assume OPEC’s production cost is zero. Indicate OPEC’s optimal price, OPEC’s optimal production, and non-OPEC production on the diagram. Now, show on the diagram how the various curves will shift and how OPEC’s

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 07:00 AM

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=+approximation, assume OPECs production cost is zero. Indicate OPECs optimal price, OPECs optimal production, and non-OPEC production

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Microeconomics

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