Oil Market Research One Of The Sector Georgia Monopoly (Term Paper Sample)
the task was to respond to a classmate. this paper has responded to two classmate who discussed about the monopoly companysource..
The MonopolyStudent's NameInstitutionDate
Oil market is one of the sector in Georgia that is monopoly. I consider this sector to be monopolistic because it is the least competitive market in Georgia. The oil market is controlled by large companies which act the same to each other. For example, Sun Petroleum Georgia is oil company that dominates the market. The price of oil increases in accordance with Sun Petroleum Georgia. Due to this, the share of other small oil traders such as Rompetrol Georgia has been dropping while the shares for Sun Petroleum Georgia has been growing tremendously. The importation, production and distribution of oil in Georgia is controlled by this company. Despite of its vital role of promoting oil market in Georgia, by being dominant in the market, the price of oil is very high. The markup on oil is higher than the normal rate in other European nations (The Financial News ,
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