OPEC Is an Example of a Cartel

Multiple Choice

OPEC is an example of a cartel. A cartel is

A) an organization like a Japanese keiretsu made up of companies.
B) an international organization made up of less developed countries (LDCs) .
C) an organization of producers and states that control supply and pricing of a commodity.
D) an organization of made up of transnational corporations (TNC) s.