An example of a cartel is
COMMERCE
JAMB 2023
An example of a cartel is
- A. ECOWAS
- B. AU
- C. OPEC
- D. EU
Correct Answer: C. OPEC
Explanation
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market e.g OPEC
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