The price of diamonds around the world is controlled not by economic factors, but by one monopolistic company.

Name: The price of diamonds around the world is controlled not by economic factors, but by one monopolistic company.
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Question

Quizplus · Accepted Answer

The distribution of diamonds is under virtual monopolistic control by De Beers Consolidated Mines of South Africa, Ltd. It controls the distribution of approximately 80% of the world's supply and has a stated policy of maintaining price control.

The Price of Diamonds Around the World Is Controlled Not