Has The De Beer Diamond Lost I

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Issue:

Miscellaneous

 

Written by:

William H

 

Date added:

January 14, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1128

 

Was viewed:

6617 times

 

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Essay content:

Many economists predicted that Argyle wouldn't be able to compete against the mammoth De Beers. Yet in the year to December 31, Argyle recorded a profit of $142.5 million, an increase of 76% (Treadgold, 1999). De Beers is currently looking like losing the monopoly it has had on the diamond industry for almost seventy years...
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De Beers is currently looking like losing the monopoly it has had on the diamond industry for almost seventy years. A monopoly is an industry in which there is only one organisation that supplies a particular good, service or resource which has no other similar alternatives. Monopolies are created by barriers which restrict the entry of new organisations (McTaggart et al, 1999)...
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