What does it mean when an OPEC member cheats?
A) The country produces less oil than it agreed to.
B) The country produces lower-quality oil rather than higher-quality oil.
C) The country produces more oil than it agreed to.
D) The country closes down oil wells for routine maintenance during peak holiday seasons.

Question

Quizplus · Accepted Answer

When an OPEC member cheats, it means that the country is producing more oil than it agreed to under OPEC production cuts. This violates the agreement and can lead to instability in the oil market.

What Does It Mean When an OPEC Member Cheats