Which of the following is TRUE?
A) The more substitutes a resource has, the more likely a cartel controlling such a resource will succeed.
B) The more widespread a resource, the more likely a cartel controlling such a resource will succeed.
C) Oil and diamond cartels tend to be more successful than copper and plumbing cartels.
D) Oil and diamond cartels have never been successful.

Question

Quizplus · Accepted Answer

Oil and diamond cartels, like OPEC and De Beers, have historically been more successful due to the limited substitutes and control over supply, unlike more common resources like copper.

Which of the Following Is TRUE