Title: Oligopoly

Essay Details

Subject: Business
Author: Thomas S
Date: August 13, 2016
Level: University
Grade: B
Length: 3 / 872
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

If OPEC and other oil exporters did not compete, they could ensure much higher prices for prices for everyone. Output quotas of its members produced staggering price increases (from $1.10 to $11.50 per barrel in the early 1970's, and up to $34.00 in the late 1970's: an increase of 3400% in ten years)...

Showed first 250 characters

Do you need an essay?

Here are the options you can choose from:

  • Order plagiarism free custom written essay
  • All essays are written from scratch by professional writers according to your instructions and delivered to your email on time
  • Prices start from $12.99/page

Do you need many essays?

FULL access to essays database

  • This option gives you the immediate access to all 184 988 essays
  • You get access to all the essays and can view as many of them as you like for as little as $28.95/month

The low price elasticity of oil demand implies that moderate output restrictions increases price in short run - a favorable environment for a cartel. In 1973 OPEC output contributed two-thirds of the total world oil production. 2. In 1975 OPEC countries had a substantial market power of 70 %. 3. The effectiveness of OPEC is further enhanced since just four countries (Saudi, Arabia, Kuwait, Iran and Venezuela) regulate 75% of OPEC’s oil reserves,...

Showed next 250 characters

If you cannot find any suitable paper on our site, which happens very rarely, you can always order custom written paper which will be written from scratch by our professional writers and deliver to you on requested time.
  • Your research paper is written by certified writers
  • Your requirements and targets are always met
  • You are able to control the progress of your writing assignment
  • You get a chance to become an excellent student!

Total price: $10.00


Common topics in this essay:


Similar Essays:

Your education is your way to success!

Celebrate National Learning and
Development Month with Us!

Catch your 18% Discount
and Become a Successful Student!
*Limited Time Only