Question

Because it virtually controls the world's deposits of gem-quality diamonds, debeers consolidated mines, ltd. has a(n):____.

Answer 1

The correct answer is an absolute advantage.

Because it virtually controls the world's deposits of gem-quality diamonds, DeBeers consolidated mines, ltd. has a(n): an absolute advantage.

• The absolute advantage allows an entity to produce a greater quantity of the same good or service with the same constraints than the other entity.
• The absolute advantage refers to the superior production capabilities of an entity.

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