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With regard to a small oil producing country in a perfectly competitive market, what would the effect of the coronavirus and the OPEC+ deals have
With regard to a small oil producing country in a perfectly competitive market, what would the effect of the coronavirus and the OPEC+ deals have on it, in an economic sense? and If this firm until recently had economic profits but now revenues have fallen under operating costs and the need to shut down unless government covers the gap what would it be able to do run in the long run?
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