Explain the market structure that a service oil company thst leases vessels and jack up barges to IOC and producing oil companys can perfectly fit into with servaral competitors (E.g is this company a monopoly, a monopolist competitive firm, an oligopoly, or a pure competitive market player? 2. What pricing strategy/strategies can this oil servicing company adopt to stay afloat in the nigerian market?

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter10: Monopolistic Competition And Oligopoly
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Explain the market structure that a service oil company thst leases vessels and jack up barges to IOC and producing oil companys can perfectly fit into with servaral competitors (E.g is this company a monopoly, a monopolist competitive firm, an oligopoly, or a pure competitive market player? 2. What pricing strategy/strategies can this oil servicing company adopt to stay afloat in the nigerian market?
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