The ability of the Organization of Petroleum Exporting Countries (OPE – McqOptions

MCQOPTIONS

1.	The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?
A.	a lack of substitutes for oil
B.	similar cost schedules for member countries
C.	highly inelastic world demand curve for oil
D.	economic recession for oil importing nations
Answer» E.

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