The major strategy used by OPEC to influence oil price is by

The major strategy used by OPEC to influence oil price is by
  • A.
    allocating production quotas to members
  • B.
    influencing buyers at the international market to buy at high prices
  • C.
    allowing member countries to produce at their discretion
  • D.
    increasing the supply of the commodity
Correct Answer: Option A
Explanation
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