On Wed, Jun 8, 2011 at 10:14 AM, mc100200928 Abdur Razaq
<mc100200928@vu.edu.pk> wrote:
> 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?~R
>
> AR KOTWAL
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