Which of the following is an example of cartel?
A)Advanced Micro Devices
B)AREVA
C)Organization of the Petroleum Exporting Countries
D)Combat Observation Laser Teams
E)Lloyds Banking Group

Question

Quizplus · Accepted Answer

The Organization of the Petroleum Exporting Countries (OPEC) is a well-known example of a cartel, consisting of major oil-producing countries that collaborate to regulate the supply and price of oil. The other options are not cartels but rather companies or organizations operating in different industries.

Which of the Following Is an Example of Cartel