A Well-Known Example of an International Cartel Is

question 237

Multiple Choice

A well-known example of an international cartel is:

• A)Japan.
• B)OPEC.
• C)Exxon.
• D)General Motors.

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Definitions:

Binding Contract

An agreement between two or more parties that is enforceable by law.

Fishing Tackle

Equipment and accessories used for angling or fishing, including rods, lines, hooks, lures, and floats.

Proposed Price

The initial price suggested by a seller or contractor before any negotiations or adjustments.

Contract

An agreement between parties creating mutual obligations enforceable by law.