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The oil-producing countries decide together how much old they will produce in an attempt to maximize profits. What is this an example of?

The oil-producing countries decide together how much old they will produce in an attempt-example-1

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The correct option is B.
A cartel refers to a group of companies or countries, who make effort to control the price or supply of a particular good through mutual restrain on production in order to create artificial scarcity and to maximize profits. Antitrust laws are usually put in place in order to discourage this type of practice.
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