The demand curves for competitive firms, however, are almost perfectly elastic because no matter how these firms change their production, in a perfectly competitive economy, there are so many firms out there that its production will not affect anything.onopolistic competition, because there are so many relatively weak firms, there are no barriers to entry. Companies can enter the market relatively easily (although, of course, not as perfectly easy as in perfect competition). This makes for a long-term equilibrium competition of no profit.
How Is Natural Gas Produced. Natural gas is found in oil fields, natural-gas fields and coal beds. Since natural gas isn't a pure product, it needs to undergo processing before it can be used as consumer fuel. The gas is extracted from a field using a decompression process called retrograde condensation.
Natural gas is one of the cleanest burning fossil fuels. Natural gas can form over time from almost any organic material. It is generally located deep underground in porous rock or trapped between more solid rock formations. The first natural gas well was drilled in 1883 in a field near Medicine Hat, Alberta.A gigajoule (GJ), a unit for measuring natural gas, is the energy equivalent of about 30 litres of gasoline. The average Albertan household uses about 120 GJs of natural gas a year.About 67 per cent of Canada s natural gas production is from Alberta. Alberta s total marketable natural gas production, including coalbed methane, was 3.72 trillion cubic feet in 2014.atural gas is one of the cleanest burning fossil fuels. Natural gas can form over time from almost any organic material. It is generally located deep underground in porous rock or trapped between more solid rock formations. The first natural gas well was drilled in 1883 in a field near Medicine Hat, Alberta.