Suppose the two countries form a cartel. What is the cooperative equilibrium? The cooperative equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a low output. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a low output. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a high output. The cooperative equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a high output. A cooperative equilibrium does not exist for this game. What is the Nash

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