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5 April, 2012

MR T.R. BUSWELL (Vasse — Minister for Transport) [11.14 am] — in reply: […] Firstly, I thank members opposite for their generally positive reflections on the bill and their observations about the challenges faced in the Western Australian domestic gas market, with its complexities of limited suppliers and purchasers. Reflecting on my economic studies, I am not sure what we call this market type. I know what we call a market with two major suppliers, but what do we call it when two major suppliers are mixed with four or five major consumers. Perhaps the member for Riverton can help me; there must be a technical term for that.

Dr M.D. Nahan: Oligopoly.

Mr T.R. BUSWELL: An oligopoly in terms of the purchasers—but in terms of the suppliers?

Dr M.D. Nahan interjected.

Mr T.R. BUSWELL: You are absolutely no help, member for Riverton! I am not going to look at you anymore!

Subject: Gas Services Information Bill 2011 [Legislative Assembly – Second Reading]

Date: 29 March 2012

Hansard reference: p. 1611 [online (pdf)]

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