6. Suppose the world demand schedule for oil is as follows! Price per Barrel $45 Quantity Demand 20 $70 $120 There are two oil-producing countries, A and B. Each will produce either 5 or 10 barrels of oil. To keep things simple, assume they can produce this oil at zero cost There are four possible outcomes Country B produces 5 or 10 barrels of oil and Country A produces 5 or 10 barrels of oil. Find each country's profit for each of these four possibilities. If Country A produces 5 and Country B produces 5, then Country A's profit is $ as integers) and Country B's profit is $ (Enter your responses If Country A produces 10 and Country B produces 5, then Country A's profit is $ as integers) and Country B's profit is $ (Enter your responses If Country A produces 5 and Country B produces 10, then Country A's profit is $ as integers.) and Country B's profit is 5 (Enter your responses If Country A produces 10 and Country B produces 10, then Country A's profit is $ as integers.) and Country B's profit is $ (Enter your responses These payoffs are illustrated in the payoff matrix on the right. Suppose these countries choose the quantity of oil to produce simultaneously and without consulting with one another. What is each country's dominant strategy? OA. Neither firm has a dominant strategy OB. A's dominant strategy is to produce 10 and B's dominant strategy is to produce 5. OC. Each country's dominant strategy is to produce 10 OD. A's dominant strategy is to produce 5 and B's dominant strategy is to produce 10. OE. Each country's dominant strategy is to produce 5. The oil ministers realize they can do better if they collude and agree that each will produce 5 By colluding, each country will increases its profit by 5 Country A (1) 10 instead of 5 (1) will will not if each produces 5 instead of 10 (Enter your response as an integer) have an incentive to cheat and produce 10 instead of 5, and Country B (2) have an incentive to cheat and produce (2) O will not