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Which of the following is an example of Cartel

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World Organisations
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Which of the following is an example of Cartel?

Answer & Solution
Correct Answer: Option A
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.
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