• 2022-06-26
    (Table: Oil Output) Refer to the table. The equilibrium outcome is:()Iran National Oil (profit in millions)Restrict Oil OutputExpand Oil OutputIraq National Oil Restrict Oil Output$78, $78$60, $89(profit in millions)Expand Oil Output$89, $60$65, $65
    A: $78,
    $78.
    B: $65,
    $65.
    C: $89,
    $60.
    D: $60,
    $89.