The clearest example of a cartel is
A) OPEC.
B) OECD.
C) G-8.
D) EU.

Question

Quizplus · Accepted Answer

OPEC (Organization of the Petroleum Exporting Countries) is a clear example of a cartel as it is a group of oil-producing countries that work together to control the supply and price of oil on the global market. They do this by setting production quotas for each member country and agreeing on a price range for oil. This allows them to maximize profits and control the market, similar to how a cartel operates. The other choices listed are not cartels, but international organizations or alliances focused on broader issues such as economic cooperation or global governance.

The Clearest Example of a Cartel Is