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Which among the following organisations is the best example of an agreement between oligopolists?

  1. A
    OPEC
  2. B
    UNO
  3. C
    UNESCO
  4. D
    WHO

Solution & Step-by-step Explanation

OPEC (Organization of the Petroleum Exporting Countries) acts as an international cartel. It is a premier real-world example of an agreement or collusion between oligopolistic nation-states to control oil supply and influence market prices.

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Which among the following organisations is the best example of an agreement between oligopolists?
A
OPEC
B
UNO
C
UNESCO
D
WHO

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market structuresoligopolyopec

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