Concept
Version 6
Created by Boundless
Cartel Example
![OPEC](../../../../../../../../../figures.boundless-cdn.com/20508/full/orting-countries-countries.jpg)
OPEC
In the 1970s, OPEC members successfully colluded to reduce the global production of oil, leading to higher profits for member countries.
Source
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"Opec Organization of the Petroleum Exporting Countries countries."
https://commons.wikimedia.org/wiki/File:Opec_Organization_of_the_Petroleum_Exporting_Countries_countries.png
Wikimedia
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