Electrical Applications for Air Conditioning & Refrigeration

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Language: English

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This difficulty arises because OPEC has followed different strategies at different times to determine prices and production levels (Fattouh 2007). … The models on OPEC behaviour can be categorized into broad groups of models: (a) cartel models such as the dominant firm model or (b) non-cartel models such as target revenue model, and the competitive model. … A cartel occurs when a group of firms or organizations enter into an agreement to control the market by fixing price and/or limiting supply through production quotas.

Pages: 459

Publisher: Fairmont Press; 1 edition (January 31, 2000)

ISBN: 0824709039

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