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

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

    A.

    OPEC

    B.

    UNO

    C.

    UNESCO

    D.

    WHO

    Correct option is A

    The correct answer is (A) OPEC.

    Explanation:

    • OPEC is a group of oil-producing countries that collaborate to control oil production and pricing, making it an example of an agreement between oligopolists.

    Incorrect Options:

    • UNO: An international organization focused on peace and security.
    • UNESCO: Promotes international cooperation in education, science, and culture.
    • WHO: Focuses on global health issues.

    Information Booster:

    • OPEC: Founded in 1960, headquartered in Vienna, Austria.
    • Purpose: To regulate oil production and ensure fair prices for oil-producing countries.

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