De Beers Group, is considered monopoly because it controlled a large percentage of diamond production and sales. Which barriers to entry appropriately explains why this monopoly exists? Group of answer choices Control of a Physical Resource Legal Monopoly Natural Monopoly

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
Section9.2: Price And Output Decisions For A Monopolist
Problem 1YTE
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De Beers Group, is considered monopoly because it controlled a large percentage of diamond production and sales.

Which barriers to entry appropriately explains why this monopoly exists?

Group of answer choices
Control of a Physical Resource
Legal Monopoly
Natural Monopoly 
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