The Organization of Petroleum Exporting Countries (OPEC)is a Marketing Organization

question 169

Multiple Choice

The Organization of Petroleum Exporting Countries (OPEC) is a marketing organization:

• A)that seeks to control prices through collective action.
• B)regulated by NAFTA and the EU.
• C)that uses countertrade to obtain valuable foreign investments.
• D)formed to address the growing competition from Venezuela and North Sea crude exploration.