

MCQOPTIONS
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1. |
We have noticed at on several occasions that cost of petroleum products fluctuates frequently. The action of OPEC members at times to limit output and fix prices may be understood as an action arising out of— |
A. | instructions from WTO |
B. | fluctuation in output |
C. | practices of the oil industry |
D. | group dynamics |
E. | cartel |
Answer» C. practices of the oil industry | |