The opening swement on the Wheb she of the Organzation of Petroleum Evagrting Countries (OPEC) says its members seek". to secure an efficiem, economic and regular supply of petrokum to consumers, a steedy income to prodicen and a fair reauth on captai for those investing in the petroleum industry" To achieve this goel, OPEC attemest to coordinate and unify petreitum poicies ay raiaing or lowerng ther collectre ai production Howeveh thcreased production by the Unised States, Phessis. Oman, Mexico, Norway, and other non ofCC countries has placed downeard presture on tiat price of crude of Mainon its curtert output Geduce output. b. Eincrease ounput. Why wett this be ditficult for OPEC to do? During the t980s, most of the world's supply of tysine was produced by a Japanese company named Ajinomoto Lysine is an essential amino acid that is an important livestock feed component. At this time, the United States imported most of the world's supply of lysine − more than 30.000 tons - to use in livestock feed at a price of $165 per pound. The worldwide market for lysine, however, fundamentally changed in 1991 when U.S -based Archer Danieis Midland (ADM) began producing lysine-a move that doubled worldwide production capacity. Experts conjectured that Ajinomoto and ADM had similar cost structures and that the marginat cost of producing and distributing lysine was approximately $070 per pound. Despite ADM's entry into the lysine market, suppose demand remained constant at Q=208−80P (in millions of pounds). Shortly after ADM began producing lysine, the worldwide price dropped to $0.70 By 1993 , however, the price of lysine shot back up to $165. Which sequence of pricing strategies is most consistent with the evolution of prices described above? Monopoly, Cournot, Collusive Monopoly, Stackelberg. Cournot Monopoly, Bertrand, Collusive Monopoly, Stackelberg. Bertrand