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b) What is OPEC's profit-maximizing output? c) What price is OPEC willing to sell its crude oil? d) What is the magnitude of the total

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b) What is OPEC's profit-maximizing output? c) What price is OPEC willing to sell its crude oil? d) What is the magnitude of the total (annual) consumers' surplus? e) What is the magnitude of the total (annual) producers' surplus? f) What is the magnitude of the economic surplus? g) What is the magnitude of the deadweight loss? h) What is the magnitude of the total (gross) annual benefits, total (gross) annual costs, and net benefits

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