____, which serves as a collective-bargaining unit, has been successful in controlling the production and price of oil.
A) EFTA
B) EEC
C) Cartel
D) OPEC
E) IMF

Question

Quizplus · Accepted Answer

OPEC is a cartel made up of countries that serve as a collective-bargaining unit in the oil industry. They work together to control production levels and prices, in order to maintain profitability for their member countries.

____, Which Serves as a Collective-Bargaining Unit, Has Been Successful