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An example of a cartel is?

Commerce
JAMB 2008

An example of a cartel is?

  • A. OPEC
  • B. ECOWAS
  • C. AU
  • D. EU
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Correct Answer: Option A
Explanation

A cartel is where two or more businesses agree not to compete with each other. The businesses agree not to compete with each other. Example the OPEC

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent