We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
+ Link For Assignments, GDBs & Online Quizzes Solution |
+ Link For Past Papers, Solved MCQs, Short Notes & More |
Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion
How to Add New Discussion in Study Group ? Step By Step Guide Click Here.
Market structure:
The Case:
Pakistan’s economy has been growing at a very stable rate from last few years and this growth is demanding higher energy consumption and thus putting a huge pressure over country’s limited energy resources. Oil is one of the primary energy resources of the country. Attock Oil Company Ltd., Dewan Petroleum Ltd., Oil & Gas Development Company Ltd., Mari Gas Company Ltd., Shell Development & Offshore Pakistan are major suppliers of oil in Pakistan. Due to higher oil consumption, country also imports large quantity of oil every year to meet domestic demand of oil. Decreased oil prices in last 3 years have contributed significantly in growth rate of the country. Due to rise in international oil price from last 4 months, domestic oil prices also increased abruptly and reached at level of Rs. 77.47 per liter.
Requirement:
Keeping in mind the characteristics of four market structures discussed in lectures, you are required to identify in which market structure domestic oil companies are operating out of four market structures. If domestic oil prices continue to rise in future, then what will be its impact on cost of basic necessities of life in the country?
Note:
Be precise and write to the point. Avoid internet cheating and irrelevant extra details.
Tags:
+ How to Follow the New Added Discussions at Your Mail Address?
+ How to Join Subject Study Groups & Get Helping Material? + How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators? + VU Students Reserves The Right to Delete Your Profile, If?.
+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)
+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)aoa...
ager koi solve kar le.. GDB to kindly post kar de yehan... kuch na kuch idea he mil jay ga..
thanks
I think Oligopoly or Cartel market structure domestic oil companies is operating If domestic oil prices continue to rise in future then it will be impact on cost of basic necessities of life in the country is that The cost of food rises as well, partly because oil is used in many ways in growing and transporting food and partly because of the competition from bio fuels for land, sending land prices up. The cost of shipping goods of all types rises, since oil is used in nearly all methods of transports. The cost of materials that are made from oil, such as asphalt and chemical products, also rises If the cost of oil rises, it tends to raise the cost of other fossil fuels. The cost of natural gas extraction tends to rises, since oil is used in natural gas drilling and in transporting water for frocking. Because of an over-supply of natural gas in the country, its sales price is temporarily less than the cost of production. This is not a sustainable situation. Higher oil costs also tend to raise the cost of transporting coal to the destination where it is used.
Note : write in ur own words don’t copy past I m not responsible incase of zero marks
thanks...!
this gdb was posted by someone else not by me i am still unable to understand the case and even this gdb solution
Please Discuss here about this GDB.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>
Discussed & be touched with this discussion. After discussion a perfect solution will come in a result at the end.
Note:-
For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.
For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.
Or visit this link
&
.•°How to Download past papers from study groups°•.
Please Click on the below link to see…
.... How to Find Your Subject Study Group & Join ....
P.S: Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”
It is an oligopoly market... because
according to definition... Oligopoly market means.. Small number of Large companies and similiar in nature.
If the price of Oil will rise in future, then price of basic commodities will also increase and vice versa...
how prices are affected
Requirement:Requirement:Market Structure : Oligopoly or CartelHow Oil Prices Affect Cost of Basic Necessities of Humans. Now-a-days basic necessities of humans, in Pakistan and all over the world are mostly linked with transportation, either one or the other way. Humans need lot many consumer goods on daily basis to fulfil their humanly requirements which they have to gather from various places. Effects on Agriculture. Majority of our society, living in rural areas is absolutely dependent upon agricultural sources of living and income. To get better production from agriculture, the role of modern machinery, mostly driven by fuel and petroleum is of paramount importance. Increase in oil prices will affect this sector as well. Work Places. If the oil prices go high then driving to work places will become even more expensive and stressful. This will cause anxiety to workers about keeping their job and maybe thinking about other easy options.Clothing. All textile mills and looms are working on petroleum, for making the refined stuff for people’s wearing. If the cost of oil goes high, it will definitely rise the prices of clothing which will be troublesome for the consumers to afford while living in meagre and scanty resources.Impact of Oil Price on Food Items Prices. It goes without saying that our food system is highly fuel and transport-dependent. Extraordinary fuel rates are making our highly fuel-dependent production system, less protected and food itself less affordable. Our production units use oil products to provide energy to farm-machinery and transport the efforts to farms and conveyance of farm production to consumers.
© 2019 Created by + M.Tariq Malik.
Powered by
Promote Us | Report an Issue | Privacy Policy | Terms of Service
VU Students reserves the right to delete profile, which does not show any Activity at site nor has not activity more than 01 month.
We are user-generated contents site. All product, videos, pictures & others contents on vustudents.ning.com don't seem to be beneath our Copyrights & belong to their respected owners & freely available on public domains. We believe in Our Policy & do according to them. If Any content is offensive in your Copyrights then please email at m.tariqmalik@gmail.com or Contact us at contact Page with copyright detail & We will happy to remove it immediately.
Management: Admins ::: Moderators
Awards Badges List | Moderators Group
All Members | Featured Members | Top Reputation Members | Angels Members | Intellectual Members | Criteria for Selection
Become a Team Member | Safety Guidelines for New | Site FAQ & Rules | Safety Matters | Online Safety | Rules For Blog Post