ECO401 GDB No. 2

by **kamran** Wed Jun 08, 2011 10:50 am

Total Marks 3

Starting Date : Tuesday, June 07, 2011
Closing Date : Thursday, June 09, 2011

Status Open Question/Description
The major oil producing countries had made a cartel named “OPEC” (oil producing and exporting countries) in 1960. OPEC exports oil to rest of the world; there are significant problems for entrance in the market for oil. In which market structure this case falls and why the demand curve of oil is relatively inelastic?

NOTE:your answer must not exceed from 50 words.

by naina khan Wed Jun 08, 2011 11:15 am

plz send me gdp ...i 'll be thank full to u.

by Vuhelper Thu Jun 09, 2011 5:19 am

i'll try to give solution here

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ECO401 GDB No. 2

ECO401 GDB No. 2

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