The Ability of OPEC Nations to Operate as a Successful

question 42

Multiple Choice

The ability of OPEC nations to operate as a successful cartel tend to decrease as

• A) the number of members of the cartel decline
• B) cost of production differences of the cartel members rise
• C) the demand for oil rises in the world market
• D) the availability of substitutes for OPEC oil falls

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Definitions:

Coccyx

The small, triangular bone at the base of the spinal column in humans, commonly referred to as the tailbone.

Tail Bone

The common term for the coccyx, the small bone at the base of the vertebral column in humans, consisting of several fused vertebrae.

Lateral Malleolus

The bony prominence on the outer side of the ankle, forming part of the fibula.

Fibula

A long, thin bone located on the lateral side of the tibia in the lower leg, playing a key role in stabilizing the ankle and supporting lower leg muscles.