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Tuesday 24 February 2015

Unit 3: UK oil & gas industry in crisis. (Business strategy & game theory)

Thank you to Elliot for this article on the UK Oil & Gas industry. Useful for Unit 3 questions on 'why are they making a loss or fall in profits' type question and 'what strategies could they use to improve situation'.

Rising costs and fall in price due to increased supply elsewhere are just some of the reasons.

Strategies discussed include reducing investment, cutting costs etc

Can you apply game theory to these questions?

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