OPEC & Cartels
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Introduction to OPEC
Monopoly Diagram
Marginal Revenue (MR)
Marginal Cost (MC)
Average Total Cost (ATC)
Full Diagram
OPEC's Decision
Alternative Views
References
OPEC & Cartels
We look at OPEC's decision not to reduce their supply of oil
Introduction
Graph showing oil quantities exported by OPEC
This graph shows that the oil quantities exported by OPEC stays relatively constant at 32.5 million.
This creates the question: Why are they doing so?
This website was created as part of an Economics Independent Learning Project.