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The Organization of Petroleum Exporting

Countries (OPEC) was formed with the intent of

(1) stabilizing the supply of oil to Japan

(2) cutting off the supply of oil to the United

States and its allies

(3) increasing the supply of oil available for use

within Middle Eastern countries

(4) controlling the supply of oil to raise prices

Verified Answer :

sbcardinals

Your answer is (4) controlling the supply of oil to raise prices

The organization of petroleum exporting countries was formed with the intent of controlling the supply of oil to raise prices.

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