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Author Question: DeBeers' diamond monopoly results from (Read 38 times)

HCHenry

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Question 1

________ is (are) protected by barriers to entry, specifically ________.


◦ State lotteries; government rules
◦ DeBeers Company; economies of scale
◦ Cable companies; patents
◦ All of these are correct.

Question 2

DeBeers' diamond monopoly results from


◦ economies of scale.
◦ a patent.
◦ a government franchise.
◦ ownership of a scarce factor of production.


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Marked as best answer by HCHenry on Apr 19, 2019

6ana001

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Reply #1 on: Apr 19, 2019
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HCHenry

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Reply #2 on: Apr 19, 2019
Excellent



6ana001

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D



 

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