DeBeers, a producer of diamonds, is an example of a perfectly competitive firm.

Name: DeBeers, a producer of diamonds, is an example of a perfectly competitive firm.
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DeBeers is more accurately described as a monopolistic or oligopolistic firm because it has historically controlled a significant portion of the diamond market, allowing it to influence prices and production levels, which is contrary to the characteristics of a perfectly competitive market.

DeBeers, a Producer of Diamonds, Is an Example of a Perfectly