1. Why do you suppose that Argentina's oil market has been experiencing surpluses as a result of...

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1. Why do you suppose that Argentina's oil market has been experiencing surpluses as a result of the government's policy action? (How does a price control that establishes a price above the market clearing level affect the quantities demanded and supplied?)
2. What entity do you think has been buying surplus oil to maintain the government's controlled oil price, and who do you suppose ultimately is paying for those oil purchases?
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