The OPEC marketing policy of fixing minimum price allows members to

  • A sell above minimum price
  • B sell below minimum price
  • C determine the price and quantity to sell
  • D negotiate price with customers

The correct answer is A. sell above minimum price

When OPEC fixes a minimum price for the sale of its products, it enables its members to not sell below the minimum price. This means the members of the organisation can sell at a higher price but not lower than the stated/fixed price.

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