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Oligopoly
Oligopoly in Practice
Economics Textbooks Boundless Economics Oligopoly Oligopoly in Practice
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OPEC

OPEC

In the 1970s, OPEC members successfully colluded to reduce the global production of oil, leading to higher profits for member countries.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Opec Organization of the Petroleum Exporting Countries countries."
    https://commons.wikimedia.org/wiki/File:Opec_Organization_of_the_Petroleum_Exporting_Countries_countries.png Wikimedia CC BY-SA.

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