The Organization of Petroleum Exporting Countries (OPEC) is an example of a(n)
A) oil monopoly.
B) cartel.
C) competitive arrangement.
D) prisoner's dilemma.
B
Economics
You might also like to view...
During the first 6 months of 2008, the European Union (EU) initiated an anti-dumping case against China for imports of taper candles. What is dumping?
A) when China sells its candles to the EU at a lower price than China's cost of production B) when China does not pay the tariff on the candles C) when China sells its candles to the EU at a lower price than other producers D) when China tries to sell more candles to the EU than is allowed by the import quota
Economics
Explain what is meant by capital
What will be an ideal response?
Economics