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How does the Organization of the Petroleum Exporting Countries (OPEC) achieve its goal of stabilizing the worldwide price for oil? A. by using its vote on the United Nations Sec…

How does the Organization of the Petroleum Exporting Countries (OPEC) achieve its goal of stabilizing the worldwide price for oil? A. by using its vote on the United Nations Sec…
asked 213k views
2 votes
How does the Organization of the Petroleum Exporting Countries (OPEC) achieve its goal of stabilizing the worldwide price for oil?

A.
by using its vote on the United Nations Security Council to set acceptable prices

B.
by arranging exclusive contracts with private and nationalized oil companies

C.
by setting member production and price of oil on the world market

D.
by purchasing most of the oil available on the market from nonmembers

asked
User Colriot
by
8.7k points

2 Answers

7 votes

Answer:

I'm pretty sure the answer is B.

Step-by-step explanation:

answered
User Keineantwort
by
8.6k points
3 votes
i think the correct answer is b, not 100%
answered
User Quetcy
by
7.6k points
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