C. Dominant firm model questions Assume a market of a crude oil market. The world demand and the supply equations for OPEC and shale oil producers are as shown below: Qworld,D = 150 3Pp MCopec = 5 +0.4Qs,OPEC MCShale = 35 + 2Qs,SHALE 11. Find the critical price and the critical quantity 12. Find the market price 13. Find the market quantity supplied by OPEC and market quantity supplied by Shale oil producers 14. Find the profit of OPEC and the profit of Shale oil producers C. Dominant firm model questions Assume a market of a crude oil market. The world demand and the supply equations for OPEC and shale oil producers are as shown below: Qworld,D = 150 3Pp MCopec = 5 +0.4Qs,OPEC MCShale = 35 + 2Qs,SHALE 11. Find the critical price and the critical quantity 12. Find the market price 13. Find the market quantity supplied by OPEC and market quantity supplied by Shale oil producers 14. Find the profit of OPEC and the profit of Shale oil producers