An example of a cartel is
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Correct Answer: Option C
Explanation:
OPEC is commonly used as an example of a cartel because it is an association of oil-producing countries that coordinates aspects of petroleum production and seeks to influence oil market conditions. A cartel generally involves independent producers cooperating to influence market supply or prices.
OPEC is commonly used as an example of a cartel because it is an association of oil-producing countries that coordinates aspects of petroleum production and seeks to influence oil market conditions. A cartel generally involves independent producers cooperating to influence market supply or prices.