One reason De Beers has lost some of its monopoly power is:
A) antitrust laws
B) competition from Canadian and Russian diamond mines.
C) pressure from consumers.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

All of these statements are true. De Beers has faced antitrust laws and increased competition from Canadian and Russian diamond mines, as well as pressure from consumers to move away from the traditional diamond engagement ring marketing strategy. These factors have contributed to the company's loss of its monopoly power.

One Reason De Beers Has Lost Some of Its Monopoly