Firstbartley6624 Firstbartley6624
  • 09-09-2017
  • Business
contestada

The market failure causes by the concentration of oil refineries by standard oil is known as

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SeoJoon15
SeoJoon15 SeoJoon15
  • 20-09-2017

The answer is the market power. As this is involved with causes of oil refineries by standard oil in and considered to be market failure. For the oil is influenced with the prices that contributes also in exploiting other people. 

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