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(e) Return to the assumptions from part (a) about rms' costs. Now suppose that, due to a drop in oil prices, demand for drilling shafts

(e) Return to the assumptions from part (a) about rms' costs. Now suppose that, due to a drop in oil prices, demand for drilling shafts has fallen. The new demand curve for shafts is given by Qd : 18,000 200R

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