To Function as a Monopoly, OPEC and Other Cartels Rely

question 186

Short Answer

To function as a monopoly, OPEC and other cartels rely on __________ among members.

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Definitions:

Knowledge Resources

The information, expertise, and skills that individuals or organizations possess, which can be leveraged to make decisions, solve problems, and create value.

Information Technology

The employment of computers, storage systems, networking, and additional physical hardware, infrastructure, and methods for the generation, processing, storage, security, and transfer of all types of electronic data.

Computer Hardware

The physical components of a computer system, including the central processing unit, monitor, keyboard, and mouse.

Databases

Structured sets of data or information, typically electronically stored and accessed, used for efficient retrieval, management, and manipulation of data.