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Tài Chính Tiên Ti?n 61C
on Nov 16, 2024

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The De Beers Diamond company advertises heavily to promote the sale of all diamonds, not just its own. This is evidence that it has a monopoly position to some degree.

Monopoly Position

A market condition where a single entity dominates the supply of a particular good or service, limiting competition.

De Beers Diamond

De Beers Diamond refers to the diamonds mined, marketed, and sold by De Beers, a company known for its historical dominance in the diamond industry.

Advertises Heavily

A strategy where a product or service is promoted extensively through various media channels to increase consumer awareness and sales.

  • Explain the role of exclusive ownership rights in the establishment of monopoly power.
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yesha patelNov 21, 2024
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