The text refers to OPEC as a classic example of a cartel. OPEC is a group of countries that collude to control prices and output in the _______ industry(ies).
A) agriculture
B) engineering and computer
C) airline
D) oil
E) machinery

Question

Quizplus · Accepted Answer

OPEC, the Organization of the Petroleum Exporting Countries, is a cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market, thereby controlling the oil industry.

The Text Refers to OPEC as a Classic Example of a Cartel