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GCE Commerce 1990 Question 39

Question 39

Business Combinations

The Organisation of Petroleum Exporting Countries (OPEC) is an example of a

  1. A.cartel
  2. B.trust
  3. C.holding company
  4. D.consortium
  5. E.chamber of commerce
Show the answer and explanation

Answer: A (cartel)

Explanation

OPEC members agree on output quotas to influence oil prices, which is how a cartel works.