Problem
At each Organization of Petroleum Exporting Countries (OPEC) meeting, Saudi Arabia, the largest oil producer, argues that the cartel should cut production. The Saudis complain that most OPEC countries, including Saudi Arabia (but not Indonesia or Venezuela), produce more oil than they are allotted under their cartel agreement (Simon Romero, "Saudis Push Plan for Cut in Production by OPEC," New York Times, March 31, 2004). Use a graph and words to explain why cartel members would produce more than the allotted amount given that they know that overproduction will drive down the price of their product.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.