Which of the following explains why it is typically easier to maintain a cartel in a natural resource than in a manufactured good?
A) Natural resources are usually more valuable than manufacturing goods.
B) Natural resources are only found in certain places.
C) Manufacturing goods are hard to replace.
D) Supply of natural resources tends to be more elastic than supply of manufacturing goods.

Question

Quizplus · Accepted Answer

Natural resources are often geographically concentrated, making it easier for a few producers to control supply and maintain a cartel.

Which of the Following Explains Why It Is Typically Easier