Which of the following is an example of an actual cartel?
A)the three largest cereal producers in the United States
B)General Motors, Ford, and Chrysler
C)the Organization of Petroleum Exporting Countries (OPEC)
D)the three major U.S.cigarette manufacturers
E)U.S.television networks -- ABC, NBC, CBS, and Fox

Question

Quizplus · Accepted Answer

The Organization of Petroleum Exporting Countries (OPEC) is a real-world example of a cartel. They work together to control the production and pricing of oil on the world market.

Which of the Following Is an Example of an Actual