The monopoly position of De Beers was maintained primarily by:

Group of answer choices

A. cutting production and stockpiling.

B. obtaining government licenses and patents.

C. price discrimination and government regulation.

D. expanding economies of scale in diamond production.

Answer: The monopoly position of De Beers was maintained primarily by cutting production and stockpiling.

Explanation:

De Beers Group is an international organization that specialises in the exploration, mining, retail and trading of diamond. De Beers became a monopoly due to inedible marketing schemes, the stockpile of the continent's rough diamond supply, and negotiations with the governments in foreign countries for their diamonds.

Before the mid-1800s, diamonds were rare and could only be seen on the hand of a monarch. The diamond rush began in South Africa in the 19th and the market was flooded with diamonds. De Beers used advertising to make the diamond's reputation as desirable and intrinsically valuable and this led to the growth in its influence on diamonds.