OPEC is an example of a cartel in which the member countries set price and output targets for oil production.

Name: OPEC is an example of a cartel in which the member countries set price and output targets for oil production.
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Quizplus · Accepted Answer

OPEC (Organization of the Petroleum Exporting Countries) is indeed a cartel where member countries coordinate policies on oil production, including setting output targets, which can influence international oil prices.

OPEC Is an Example of a Cartel in Which the Member