Micro Examples Flashcards by Fred Salcedo

Examples of collusive oligopoly

OPEC

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What are OPECs guidelines

Stabilises oil prices
Regulates oil production (fair price for consumers and producers)
Ensures interests of oil exporting countries are upheld

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Negatives of OPEC

Price manipulation
Lacklustre climate change actions preventing switch to renewables
Negative impacts on no member countries

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