Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the monopoly of
A) utility companies.
B) state lotteries.
C) social sites like Facebook.
D) the DeBeers' diamond syndicate.

Question

Quizplus · Accepted Answer

The DeBeers' diamond syndicate historically controlled a large percentage of the world's diamond supply, making ownership of a scarce factor of production (diamond mines) the primary barrier to entry in the diamond market.

Ownership of a Scarce Factor of Production Is the Barrier