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Required by macroeconomic situations

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Reference no: EM132413400

In this situation:

You conduct a firm dedicated to the underwater subtraction of a stone that, when mixed with oil, results in a product of greater durability, thus benefiting petroleum products. This stone is found only in several parts of the world, where there are about 10 firms in the world dedicated to this activity. To regulate prices worldwide, the 10 firms agree to partner to establish prices in the world market and to determine production, when required by macroeconomic situations.

What kind of structure would be your market, perfect or imperfect competition, monopoly, oligopoly? Why did you come to that conclusion? And how manager, what actions would you take?

Reference no: EM132413400

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