Multiple Choice
Iran called on OPEC in November 2008 to cut production by a further 1 million to 1.5 million barrels per day when it meets in Cairo later this month. Why would OPEC, a cartel, restrict production?
A) to decrease demand
B) to increase supply
C) to decrease quantity supplied
D) to increase profits
Correct Answer:
Verified
Correct Answer:
Verified
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