Answer:
A. Limiting the supply of oil
Step-by-step explanation:
OPEC is the organization of Petroleum exporting countries. It is made up of 13 countries.
The goal of OPEC is to be a dominant force in the oil and gas industry world wide.
- Most of the countries that makes up OPEC have an economy largely dependent on the oil industry.
- Therefore, they use market forces to control price action.
- Often time, they limit supply through a quota system on member countries which ensures too much oil is not pumped out.
- Too much oil can cause a glut in production and decrease in revenue.