Microeconomics The finance Ministry is concerned about increasing oil prices which affects the country as a net importer of oil. Using your microeconomics knowledge analyse the nature of the oil industry. Additionally, determine if OPEC is a successful or well-functioning cartel that is able to influence oil pric- es.? 30%

Microeconomics

The finance Ministry is concerned about increasing oil prices which affects the country as a net importer of oil.
Using your microeconomics knowledge analyse the nature of the oil industry. Additionally, determine if OPEC is a successful or well-functioning cartel that is able to influence oil pric- es.? 30%

Microeconomics The finance Ministry is concerned about increasing oil prices which affects the country as a net importer of oil. Using your microeconomics knowledge analyse the nature of the oil industry. Additionally, determine if OPEC is a successful or well-functioning cartel that is able to influence oil pric- es.? 30%
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