Solved: What do you think will be the economic impact on oil prices, Microeconomics

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What do you think will be the economic impact on oil prices

Discussion Post: Microeconomics

Recently, business headlines have highlighted the drop in oil prices due to high production in states like Texas, North Dakota, Oklahoma, etc. What do you think will be the economic impact on oil prices if the Organization of Petroleum Exporting Counties (OPEC) reduced or cut back production?

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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