OPEC can be classified as a (i) group whose concern is to control production levels of oil.
(ii) cartel.
(iii) resale price maintenance group.
A)(i) and (ii)
B)(ii)and (iii)
C)(i) and (iii)
D)(i), (ii), and (iii)

Question

OPEC can be classified as a (i)	group whose concern is to control production levels of oil.
(ii)	cartel.
(iii)	resale price maintenance group.
A)(i) and (ii)
B)(ii)and (iii)
C)(i) and (iii)
D)(i), (ii), and (iii)

Quizplus · Accepted Answer

OPEC is a group that aims to control oil production levels and is considered a cartel because it coordinates the oil policies of its member countries. It is not involved in resale price maintenance.

OPEC Can Be Classified as a (I) Group Whose Concern Is