2. The major oil companies conspired to raise energy prices during the mid-l970s. Their actions resulted in

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2. "The major oil companies conspired to raise energy prices during the mid-l970s.

Their actions resulted in enormous business profits, which were a major contributing factor to the doubling of energy prices during the period from 1973 to 1977." Do you agree with this view? Why or why not?

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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