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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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