De Beers became a monopoly by:A) establishing control over diamond mines.B) use of economies of scale.C) use of technological superiority.D) ownership of a patent.

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Mohammad Ataul Gani Sahin · Accepted Answer

Final Answer : A, Explanation :  De Beers established control over diamond mines by buying out or controlling the majority of diamond mines in South Africa. This gave them a monopoly over the diamond trade, as they could control the supply and price of diamonds.

De Beers became a monopoly by:

A) establishing control over diamond mines.
B) use of economies of scale.
C) use of technological superiority.
D) ownership of a patent.

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