1
Question
Organisation of Petroleum Exporting Countries is a best example for
Organisation of Petroleum Exporting Countries is a best example for
Open in App
Solution
The correct option is B Cartel
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->
OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> OPEC is a cartel that aims to manage the supply of oil in an effort to set the price of oil in the world market, in order to avoid fluctuations that might affect the economies of both producing and purchasing countries.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
