The De Beers Company blocked competition
A) in the diamond market by controlling the output of most of the world's diamond mines.
B) by controlling the supply of most of the world's high-quality bauxite, the mineral used to produce aluminum.
C) in the market for fresh and frozen cranberries because it controls about 80 percent of the cranberry crop.
D) because it has lower production costs than other department stores due to economies of scale.
Answer: A
You might also like to view...
Rent ceilings are difficult to abolish because
A) they create such large profits for landlords. B) current renters offer political support for ceilings. C) the government doesn't like to give up the tax revenues associated with ceilings. D) they result in an efficient use of resources. E) landlords lobby to keep them in place.
Political considerations are unimportant to an understanding of tax policy
a. True b. False