Which one of the following is the best example of agreement between oligopolists?

CA Foundation · Business Economics · MTP · January 2026
Which one of the following is the best example of agreement between oligopolists?
(A) A. GATT
(B) B. OPEC
(C) C. WTO
(D) D. UNIDO

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. OPEC

Topics: Price Determination in Different Markets

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