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Which of the Following Explains Why It Is Typically Easier

Question 47

Multiple Choice

Which of the following explains why it is typically easier tomaintain a cartel in a natural resource than in a manufacturedgood?


A) Natural resources are usually more valuable than manufacturing goods.
B) Natural resources are only found in certain places.(True Answer ) Correct
C) Manufacturing goods are hard to replace.
D) Supply of natural resources tends to be more elastic than supply of manufacturing goods.

Correct Answer:

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