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Wednesday, 26 November 2014

Unit 3: Will OPEC cut oil supply - Cartels in action

Thanks to Mr Barfoot for this excellent article on what OPEC (an overt cartel) might do to the supply of oil, to combat the 30% fall in prices since June.

Lots of useful and relevant material for Unit 3 questions. Such as:

Price Leadership - Saudi Arabia
Cartel busters - many OPEC members
Competitive pricing - Saudi Arabia
Limit Pricing - Saudi again.

Important to read and understand........

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