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OPEC was in the 1970's: a. A generally unsuccessful cartel. b. A generally successful cartel. c. An illustration of a monopolistic market. d. An illustration

OPEC was in the 1970's:

a.

A generally unsuccessful cartel.
b.

A generally successful cartel.
c.

An illustration of a monopolistic market.
d.

An illustration of a perfectly competitive market.

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