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Any cartel is a set of people, companies, countries, which have such a strong control over some commodity that others wish to buy, that they agree not to compete with each other for sales, but all offer to sell at the same price. The customer is thus held to ransom because there is not a free competing market. A famous example is oil, but others exist in food, minerals etc.
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∙ 13y ago
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How much is 1 deciliter of oil?
A deciliter of oil is a tenth of a liter of oil, or 0.1 liters of oil.
What is an oil boom?
An oil boom is a type of machinery used to keep oil in a certain place, so it is easier to scoop or take up the oil.
Can you use baby oil on metal... aka shotgun?
You are better off using gun oil, or at least a machine oil like sewing machine oil. Vegetable oil kind of smells, olive oil works better, but these organic oils are not as desirable as gun oil. You can use baby oil in a pinch, for a few months at a time. It is better than nothing, but you should wipe it down and replace it with a decent gun oil when you have a chance.
If an oil tank holds 1000 bbl of oil then how many bbl of oil are there per inch?
0.00000000000187
Are petrol and oil the same?
Petrol is processed oil.
This has been the most successful cartel?
Oil
What is The operation of an oil cartel in the Middle East is perceived by some to be an example of market failure?
we first can talk about the cartel, and then we have to say the meaning of monopoly and how this cartel seems it is monopoly but it is not and talk about the market failure
The cartel that is concerned with the setting of policies and prices for the sale of oil is?
OPEC
The OPEC cartel is concerned with the setting of policies and prices for the sale of?
Crude oil.
Who is a cartel of oil producing nation?
There are several Saudi Arabia and Iran are two.
Who owns OPEC industry?
the rockefellers control all oil like an oil cartel, rothschilds control the banks like a banking cartel. together they control all of the worlds economies and wealth and decides what countries prosper and which remain poor
Is cartel masculine or feminine?
Is cartel masculine or feminine
What is OPEC an example of?
OPEC is an example of a cartel, where member countries come together to coordinate and control oil production levels in order to stabilize prices and ensure their collective interests are met.
Why cartel fails?
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
What is the duration of The Cartel?
The duration of The Cartel is 1.5 hours.
Which Mexican cartel controls mexicali?
i believe its the Sinaloa cartel
When was Colima Cartel created?
Colima Cartel was created in 1988.
