Question

Organisation of Petroleum Exporting countries is a classical example of
a. Non-collusive
b. Price leadership
c. Price rigidity
d. Collusive oligopoly​

Answer 1

Answer:

price leadership I think mark Brainliest please

Answer 2

It is an example of a collusive oligopoly.

• in a cartel style of collusive oligopoly, firms unanimously decide on an ultimate price and production strategy for a product as a specific group.  
• The person who sets the premium price is referred to as a price leader, and those who naturally follow it are referred to as price followers.
• OPEC is typically an international cartel and is an example of an oligopoly colluding overtly to fix the price of a standard barrel of oil.