Assume that the world market for oil is an oligopoly with two companies with identical cost structures, USA Oil and MEX Oil. There is no collusion in the market; the two companies compete with one another, and each company accounts for 50% of sales in the market. Then, a third company, CAN oil, identical in cost structure to the first two, enters the market with its own oil supply. The three companies then compete (no collusion). Explain what would happen to the following values due to the entry of CAN Oil, and w_hY.: - The equilibrium price of oil - The equilibrium quantity supplied of oil in the market - The equilibrium quantity of oil supplied by USA Oil