OPEC can be considered as a 'cartel' which is a group of separate companies that collectively:
A) set prices, control output, or take other actions to maximize profits.
B) dictates how other countries should used their products.
C) produces more products in order to beat the competition.
D) conducts activities that are considered illegal in United States.
E) works on forming a union against management of other companies.
Answer: A) set prices, control output, or take other actions to maximize profits.