Answer to Question #70495 in Economics of Enterprise for Nora

Question

Discuss different forms of collusion, while giving special attention to cartel.
2. Elaborate important factors affecting the likelihood of successful collusions. Do you think OPEC
has been successful? Justify your answer.
3. Based on the above article, if you are the chairman of OPEC, what would you do in respond to
Igor Sechin’s decision?

Answer 1

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