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A NEWSWIRE Article in the Text Is Titled "OPEC Keeps

Question 104

Multiple Choice

A NEWSWIRE article in the text is titled "OPEC Keeps Output Target on Hold Despite Weak Economy".When OPEC member nations work collectively to set their combined rate of output,they are attempting to duplicate ______ outcomes.


A) Monopoly
B) Perfect competition
C) Monopolistic competition
D) Oligopoly

Correct Answer:

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