Table 2: Alternative assumptions about... | Emerald Publishing

Table 2:

Alternative assumptions about OPEC’s behaviour.

COM

OPEC behaves as a competitive producer (price taker).

DOM

OPEC behaves as a dominant producer, i.e., OPEC exploits market power to maximize its profit in the oil market.

COM	OPEC behaves as a competitive producer (price taker).
DOM	OPEC behaves as a dominant producer, i.e., OPEC exploits market power to maximize its profit in the oil market.

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