Which of the Following Will Weaken OPEC's Effect on the World

question 124

Multiple Choice

Which of the following will weaken OPEC's effect on the world price of oil?
(i) member countries increase their own production
(ii) member countries set their level of production in order to capture a larger share of the total profit available
(iii) member countries abide by the regulatory policy set forth under the original collusive agreement

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i) only

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