Answer to Question #104887 in Macroeconomics for Rhulani

Question

What do you think is the main reason for joining and termination of membership by countries in OPEC?

Answer 1

1. - countries enter custody to withstand competition from other countries;

- countries are opaque to achieve maintaining stable oil prices, ensuring stable oil supplies to consumers:

2. -countries leave because they do not want to follow the rules of the organization and they are not satisfied with the conditions