When OPEC meets to set production levels, this organization is playing a
A) negative sum game.
B) cooperative game.
C) non-cooperative game.
D) reaction function game.

Question

Quizplus · Accepted Answer

OPEC is a group of oil-producing countries that come together to set production levels with the goal of supporting oil prices. They cooperate with each other to achieve this goal, making it a cooperative game.

When OPEC Meets to Set Production Levels, This Organization Is