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Industry falls among the four oligopoly settings

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    Assignment ID: FG132503717

    Explain, where does the global Oil industry falls among the four oligopoly settings? Also explain, why firms, OPEC as an example, in Oligopoly pretend to cooperate but actually cheat each other and supply more than their agreed quota. (Please use the internet sources to get the anecdotes of cheating among OPEC)

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