The OPEC marketing policy of fixing minimum price allows members to
-
sell above minimum price
- sell below minimum price
- determine the price and quantity to sell
- negotiate price with customers
The correct answer is: A
Explanation
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.