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Question #49572

The OPEC oil cartel ?

Options:

A) has shown that is easy to achieve cooperation among cartel members

B) was successful in raising oil prices in the 1970s but was disbanded in the 1980s

C) has shown greater success in realizing profits during periods of global recession

D) has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities

Answer: The OPEC oil cartel has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities.

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