Protim9018 Protim9018

14-10-2019
Social Studies

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The De Beers Company, one of the longestminuslived monopolies, is facing increasing competition. One source of competition comes from people who might resell their previously owned diamonds. Why is De Beers worried that people might resell their previously owned diamonds?

Respuesta :

alejogriggio alejogriggio

15-10-2019

Answer:

Because previously owned diamonds would be a close substitute to newly mined diamonds and therefore reduce De Beers' market power.

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