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Business, 18.02.2020 04:50 christianfielding336
Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there are no user costs. Assume that each well can produce 100 barrels of oil per day. How much oil will be produced if the market price of oil is $9 per barrel?
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Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per...
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