Which statement best describes the achievements of the OPEC oil cartel?

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It demonstrates how simple it is for cartel members to maintain cooperation.It effectively increased oil prices in the 1970s but ceased to exist in the 1980s.It has been more profitable during worldwide economic downturns.It has successfully elevated oil prices to a degree that other developing nations find difficult to replicate with their main commodities.

Explanation

The OPEC cartel has managed to raise oil prices significantly, a success level that other developing countries have rarely matched with their key commodities. While cooperation among members is challenging and the cartel was not disbanded in the 1980s, its influence on oil pricing remains notable even beyond periods of economic recession.