OPEC is able to raise the price of its product by:
A)tying
B)bundling
C)setting production levels for each of its members
D)doing all of the above

Question

Quizplus · Accepted Answer

OPEC is able to raise the price of its product by setting production levels for each of its members, since controlling the supply of oil can affect its price on the global market. Tying and bundling refer to different pricing strategies that are not applicable in the context of oil production and exportation. Therefore, option C is the only correct answer.

OPEC Is Able to Raise the Price of Its Product