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What quantity will maximize russia profit

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Now, suppose that the 28 member countries in the European Union (with the same demand depicted in the prior question) ban together and agree to impose price cap of €50 per barrel of Russian crude. Assuming that the European Union is its only customer, and that Russia decides to keep selling to EU, what quantity will maximize Russia's profit if it can't charge more than €50/barrel?

Reference no: EM133248499

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