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2 Results for Tag: cartel

Oligopsony

DefinitionAn oligopsony is a market form in which the number of buyers is small while the number of sellers in theory could be large. This typically happens in a market for inputs where nume

Gas Exporting Countries Forum – GECF

DefinitionThe Gas Exporting Countries Forum is an intergovernmental organization of 16 member states that 11 of the world's leading natural gas producers made up of Algeria, Bahrain, Belarus