OPEC Is an Example of A

question 52

Multiple Choice

OPEC is an example of a:

• A)monopsony.
• B)cartel.
• C)monopoly.
• D)duopoly.

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Definitions:

Physical Characteristics

Observable attributes of an object, person, or environment, such as shape, color, size, and texture, that can be measured or described.

Personality

A person's unique patterns of thought, emotion, and behavior that characterize their individuality.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Valuing Diversity

Recognizing and respecting differences among individuals, including ethnicity, gender, age, and other attributes, to foster an inclusive environment.