One way DeBeers managed to maintain control over the diamond industry was to:
A)punish companies that did business with other independent diamond producers.
B)create the illusion of no close substitutes through marketing.
C)buy companies that newly discovered diamond deposits.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

DeBeers employed various tactics to maintain control over the diamond industry. Punishing companies that did business with other independent diamond producers helped them maintain a monopoly. They also created an illusion that there were no close substitutes for natural diamonds through their marketing campaigns. Additionally, they regularly acquired companies with newly discovered diamond deposits to keep their control intact. Therefore, all of these statements are true.

One Way DeBeers Managed to Maintain Control Over the Diamond