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Has The De Beer Diamond Lost I
Essay specific features
Written by:
William H
Date added:
January 14, 2014
Level:
University
Grade:
A
No of pages / words:
5 / 1128
Was viewed:
6613 times
Rating of current essay:
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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