​ Which of the Following Represents an Example of a Major

question 66

Multiple Choice

​ Which of the following represents an example of a major cartel in global markets?

• A) ​The Organization of Wheat and Corn Exporting Countries (OWCEC).
• B) ​The Organization of Petroleum Exporting Countries (OPEC).
• C) ​The Brotherhood of Scrap Iron Exporting Countries (BSIEC).
• D) ​The Amalgamated Association of Alfalfa Producing Countries (AAAPC).

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Definitions:

Synergy

The concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts.

Consolidation

The process of combining multiple accounts or businesses into a single entity, often for the purpose of financial reporting or to streamline operations.

Entities

Organizations or structures that exist as a single, identifiable unit within a particular context, such as in law, business, or accounting.

Antitrust Laws

Laws designed to promote fair competition for the benefit of consumers and prevent monopolies or other situations that could restrict trade.