Tаble: Mаrket fоr Oil Wоrld Price (per bаrrel) Wоrld Quantity (MBD) $36.00 100 37.50 98 47.50 82 50.00 80 Suppose that oil is produced by 10 countries, each of which produces 10 million barrels of oil a day (MBD) for a total of 100 MBD. The world price of oil at this quantity is $36 per barrel, so each country earns $360 million a day. Suppose that these countries form a cartel and each country produces 8 MBD. If one of the cartel members cheats by secretly pushing its production back to 10 MBD rather than 8, total revenue for the cheating country would: