During the 1990s, the members of OPEC operated independently from one another, causing the world market for crude oil to become close to
A)a monopoly market.
B)an oligopoly market.
C)a duopoly market.
D)a competitive market.

Question

Quizplus · Accepted Answer

During the 1990s, OPEC members operated independently, leading to increased competition among them, which made the crude oil market more competitive rather than controlled by a few or a single entity.

During the 1990s, the Members of OPEC Operated Independently from One