Question 2 0 / 0.75 pts The figure depicts the short-run demand and supply curves in the global market for crude oil. SOPEC denotes the supply curve of OPEC while SWORLD is the total market supply curve. Based on the figure, which of the following statements is correct? Price, P Soetc SWORLD Pu Demand . . Quantity, Q https://drive.google.com/file/d/10Etm6ZZmMpaJOUIt2L_KQFvH7prJI5yU/vie usp=sharing (https://drive.google.com/file/d/10Etm6ZZmMpaJOUIt2L_KQFvH7prJI5yU/view? usp=sharing) O OPEC countries' profit is (Po-c) X QOPEC. The non-OPEC countries' total output is given by Qo. O As non-OPEC countries do not operate as a cartel, they do not earn economic rents. O The capacity constraint for OPEC is QOPEC