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The OPEC cartel is concerned with the setting of policies and prices for the sale of?
Wiki User
∙ 13y ago
Crude oil.
Wiki User
∙ 9y ago
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The prices are between $165K to $200 K. At present prices are below $165 K.
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What is the highest price for a diamond?
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True or false Fortunately oil prices are rarely affected by global events?
False, global events often affect oil prices. The Gulf War is a prime example of this.
What is the math definition of sales prices?
The price of a good or service that is being offered at a discount.
The cartel that is concerned with the setting of policies and prices for the sale of oil is?
OPEC
What is the name for a formal organization of producers that agrees to coordinate prices and production called-?
The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.
What is the name for a formal organization of producers that agree to coordinate prices and production?
A cartel.
How did a cartel control prices?
Businesses agreed to limit production.
How did cartel control prices?
Businesses agreed to limit production.
What is a cartel?
a group of producers working together to raise prices and profits
Which of these is a group of producers working together to raise prices and increase profits?
cartel
Which of these groups of producers working together to raise prices and increase profits?
A Cartel
What conditions should be fulfilled for existence of a cartel. what is a centralised and market sharing cartel?
A cartel is an agreement among competing firms. Prices, marketing, and production come with fixed prices. A centralized and market sharing cartel is loosely formed and distribution of profits are not determined in a perfect manner. Each market is able to change the product in small ways, so as not to produce the same product.
What is the primary goal of both monopoly and a cartel?
To control competition and keep prices high
What is the name for a formal organization of producers that agrees to coordinate prices and production called what?
A cartel
What is the primary goal of both a monopol and a cartel?
to control competition and keep prices high
