Multiple Choice
Algeria,Angola,Iran,Iraq,and Kuwait are members of the Organization of Petroleum Exporting Countries (OPEC) . One of OPEC's main functions is to control oil prices by restricting production. OPEC can best be described as a(n) :
A) Oligarchy
B) Cartel
C) Commodity price agreement
D) Buffer
E) Trade diversion
Correct Answer:
Verified
Correct Answer:
Verified
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