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Which is the BEST example of a cartel currently operating in the world economy?
A) The European Union
B) The World Trade Organization (WTO)
C) The North Atlantic Treaty Organization (NATO)
D) The Organization of Petroleum Exporting Countries (OPEC)

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toldrickgriffin

D) The Organization of Petroleum Exporting Countries (OPEC)

The Organization of Petroleum Exporting Countries (OPEC) is a cartel made up of countries (and nationalized companies) which cooperate to control the supply (and therefore the prices) of a significant amount of the world's oil.

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