Hw relevant are the factors listed in this chapter in , Microeconomics

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Hw relevant are the factors listed in this chapter in

6. OPEC is the economist's favorite cartel to study, partly because it had such a spectacular short-run success and partly because oligopoly theory could be used to predict how OPEC pricing actually evolved. Please check OPEC website at https://www.opec.org/home/ What are some recent developments in petroleum pricing? How relevant are the factors listed in this chapter in affecting the difficulty of maintaining a cartel?

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