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Question
Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of producers restricted diamond sales to maximize profits. De Beers and its association was ʺthe only game in townʺ and had what is
A) a cartel.
B) a duopoly.
C) monopolistic competitor.
D) perfect competitor.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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