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Question Oil markets are described as being a world market because Group of answer choices 1. OPEC dictates the price 2. The substitutability of oil

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Oil markets are described as being a world market because

Group of answer choices

1. OPEC dictates the price

2. The substitutability of oil allows refineries to use any oil available

3. Tthe transportability of oil results in different oil streams moving together

4. all of the above

5. none of the above

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