Explain one drawback and one benefit of the opec

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01-04-2019
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Explain one drawback and one benefit of the opec

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MrDay MrDay · Answer 1 · 2019-04-03T22:40:43+02:00

MrDay MrDay

03-04-2019

The benefit is that OPEC coordinates petroleum policies of its member countries which stabilizes the oil markets. Stable oil markets benefits the world economy. Drawbacks include limitations in actual power in terms of controling member countries and actual prices.

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