OPEC is an example of a producer's cartel that is successful because of its ability to institute tariffs on oil exports.

Name: OPEC is an example of a producer's cartel that is successful because of its ability to institute tariffs on oil exports.
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OPEC is successful because of its ability to control oil production and supply, not because of tariffs on oil exports. OPEC's member countries agree to limit their oil production in order to maintain high prices and profitable revenue streams.

OPEC Is an Example of a Producer's Cartel That Is