If a few oil-producing countries in the Middle East decide to jointly limit the production of oil,

Name: If a few oil-producing countries in the Middle East decide to jointly limit the production of oil,
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If a few oil-producing countries in the Middle East decide to jointly limit the production of oil, they are forming a cartel. This is a common practice in the oil industry where a group of producers (usually countries) work together to limit supply in order to raise prices and increase their profits.

If a Few Oil-Producing Countries in the Middle East Decide