An example of a cartel is - JAMB Commerce 2023 Question
An example of a cartel is
A
ECOWAS
B
AU
C
OPEC
D
EU
correct option: c
OPEC (Organization of the Petroleum Exporting Countries) is an example of a cartel. A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
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