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    Economics Study Set 2
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    Exam 24: Oligopoly
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    Which Statement Is True
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Which Statement Is True

Question 155

Question 155

Multiple Choice

Which statement is true?


A) OPEC produces and exports over 90 percent of the world's oil.
B) Saudi Arabia is the most important member of OPEC.
C) OPEC has no influence over the price of oil.
D) The U.S.imports only a tiny fraction of the oil it uses.

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