Which of the Following Explains Why It Is Typically Easier

question 84

Multiple Choice

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.