Home » Economics » Being a member of the OPEC, Nigeria is in a favorable position to?Being a member of the OPEC, Nigeria is in a favorable position to? Being a member of the OPEC, Nigeria is in a favorable position to? A. export her crude oil B. control world crude oil prices C. reap the benefit of a cartel D. borrow money from members Correct Answer: Option C Explanation Related Posts Which of the following is NOT a characteristic of perfect competition? Public expenditure creates expansionary effects in the economy when it is At the point of profit maximization by a firm, marginal cost is? If commodity X is a by-product of commodity Y , this implies that both commodities… Which of the following reasons could induce a manufacturer to bypass the wholesaler in the… In a perfectly competitive market, the firm is in long-run equilibrium at the output where?
