Business, 19.02.2020 20:58 breasiasamuel7053

The nation of Hasalot is home to roughly 95% of the world's Diamontite, a rare stone used in consumer products including watch faces, smartphones, computer monitors, and tablets. The fact that this is necessary for the production of many products we use today means Hasalot can almost name its price! Which of the following describes this situation?

A. Hasalot's rare earth industry participates in monopolistic competition.

B. Hasalot has a near absolute advantage in Diamontite.

C. Hasalot's rare earth industry is considered perfect competition.

D. Hasalot has a comparative advantage in Diamontite

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The nation of Hasalot is home to roughly 95% of the world's Diamontite, a rare stone used in consume...

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