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De Beers And U.S. Antitrust Law
Essay specific features
Written by:
Luis C
Date added:
December 16, 2016
Level:
University
Grade:
B
No of pages / words:
4 / 1027
Was viewed:
2199 times
Rating of current essay:
Essay content:
Thus, this inefficiency of monopoly causes the quantity sold to fall short of social needs. In order to handle the problems, policymakers in the government regulate the behavior of monopolies and try to make monopolized industries more competitive
2. How does De Beers maintain its monopoly power?
In previous years De Beers owned a key resource for diamond production – mines...
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How does De Beers maintain its monopoly power?
In previous years De Beers owned a key resource for diamond production – mines. The monopoly’s power stemmed from the company’s ability to collect the world’s rough diamonds and send them out again, anonymously and bereft of origin. Because of turmoil which the company was facing on all fronts: illegal flow of diamonds from Sierra Leone and Angola, Russia’s diamond fiefdoms, etc; the formerly closely-held corporation had to undergo some rapid changes...
displayed 300 characters
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