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Collusion and Competition

OPEC

OPEC

The oil-producing countries of OPEC have at times cooperated to raise world oil prices in order to secure a steady income for themselves.

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

    "OPEC."
    http://en.wikipedia.org/wiki/File:OPEC.svg Wikipedia Public domain.

Related Terms

  • Price leadership
  • collusion
  • price fixing
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