| A market with only a few sellers, each of them offering a product similar or identical to the others we can call it oligopoly. OPEC is one representative example of the oligopoly. OPEC full name is Organization of Petroleum Exporting Countries. It is a league that government becomes voluntarily organization. Have 11 member's country; the yield accounts for 40% of petroleum total amount in world and the petroleum explore clear quantity to account for 75% total amount in world. It wants to coordination and unifies member's country petroleum policy and price. OPEC aim is cancellation all of the unnecessary and harmful petroleum prices fluctuate; keep stability what the petroleum price in the international petroleum market. Make sure every member's country can acquire stable petroleum income and would not worry about the circumstances and time, give to petroleum consume country for the enough, the economy, long-term petroleum supply. ...... |
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