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What does OPEC mean and why was it formed?

User Trefex
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2 Answers

3 votes

Answer:

to limit competition

Step-by-step explanation:

took test

User Antonio Beamud
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OPEC is the Organization of the Petroleum Exporting Countries. It was formed to ensure that the oil market was not dominated by one sole country. It sets out to coordinate and unify the petroleum policies.
User Sajoshi
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