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Another Hot topic from the Boycemeister.


Boycie

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I did a bit if study in my economic

A level on oligopoly. In particular petrol industry. The firms all agree not to compete on price as a kind of self defense. If one dropped it by 10p a litre they would have demand so high they couldn't service it, run out of stocks and everyone would then have to pay the higher price to their competitors. They wouldn't make as much profit by doing this.

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I put a tenner in the car this morning - couldn't believe how quick it was. Nearly went to £10.01 :D Haven't got time to turn round for a neb at owt.:eek:

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'sonly 3p a litre in venezuela

Its the 6th biggest oil producer in the world.

The USA have usurped the elected government once (they got back in by popular demand) and are fully expected to invade within the next year or two.

Its only the involvement in Iraq and Afghanistan so far thats stopped Venezuela from being "saved" by the USA.

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