JAMB Commerce 2008 Objective — Question 11

Question 11 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

11. An example of a cartel is

A. OPECCorrect
B. ECOWAS
C. AU
D. EU

Explanation

OPEC (Organisation of Petroleum Exporting Countries) is a form of cooperation among petroleum exporting countries to regulate output - a cartel.

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