OPEC Can Be Considered as a "Cartel" Which Is a Group

question 1

Multiple Choice

OPEC can be considered as a "cartel" which is a group of separate companies that collectively:

• A)sets prices, controls output, or takes other actions to maximize profits.
• B)dictates how other countries should use their products.
• C)produces more products in order to beat the competition.
• D)conducts activities that are considered illegal in the United States.
• E)works on forming a union against management of other companies.