Business, 27.04.2021 01:00 2019jonathanbradford

A CARTEL IS DEFINED AS A FORMAL ORGANIZATION OF PRODUCERS THAT AGREE TO COORDINATE PRICES & PRODUCTION. OPEC is an organization that comprises the world's most important oil-producing nations.

Research this and explain how OPEC fulfills the characteristics of a cartel.

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A CARTEL IS DEFINED AS A FORMAL ORGANIZATION OF PRODUCERS THAT AGREE TO COORDINATE PRICES & PROD...