Q153
Which of the following is an example of Cartel?
A.
OPEC
AnswerB.
IMF
C.
WTO
D.
UNO
Answer: Option A
Solution
Answer: Option A
Solution:
The Organization of Petroleum ‐ Exporting Countries (OPEC) is perhaps the best ‐ known example of an international cartel; OPEC members meet regularly to decide how much oil each member of the cartel will be allowed to produce.