Social Studies, 18.03.2021 02:30 AM28
The founding member-states of the Organization of the Petroleum Exporting Countries
believed that it was necessary to cooperate to influence the global market for crude oil
because that market is m
(4 Points)
an oligopoly, so producers are able to cooperate and set a high price for oil.
monopolistically competitive, so producers must produce the highest-quality oil.
a monopoly, so small producers must work together to break into the market for oil.
perfectly competitive, so power to influence is limited
Answers: 1
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The founding member-states of the Organization of the Petroleum Exporting Countries
believed that i...
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