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blankall · 12-15-2014, 03:49 PM

Ummmm OPEC is the definition of an oligopy. Oil markets are in no way governed by competition. A few large suppliers openly collude to control prices by artificially throttling or increasing supply.

12-15-2014, 03:49 PM	#163
blankall Ate 100 Treadmills Join Date: Mar 2006 Exp:	Ummmm OPEC is the definition of an oligopy. Oil markets are in no way governed by competition. A few large suppliers openly collude to control prices by artificially throttling or increasing supply.