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INDUSTRY STRUCTURE, COMPETITION AND COMPETITIVENESS ANALYSIS: THE PETROCHEMICAL INDUSTRY


The findings of the paper indicate that the three markets of the polymer--polyethylene, polypropylene and polystyrene are highly concentrated. The potential monopolistic/oligopolistic behavior is aided by the presence of high tariffs and government bureucracy, i.e. Administrative Order (A.O.) 58-A. The paper suggests that setting up a competition agency that will monitor the behavior of firms to correct the anti-competitive behavior of firms.

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