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What kind of market structure is OPEC operating in? What are some advantages of this structure? disadvantages? How much influence does OPEC has in the

What kind of market structure is OPEC operating in? What are some advantages of this structure? disadvantages? How much influence does OPEC has in the oil market?

Should people in Houston care about the power OPEC has on the energy market? Is OPEC "friend or foe" for the Houston economy?

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