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Which of the following was an effect of the steam engine?
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.
Natural Monopoly
A market situation where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.
Defining Characteristic
A feature that allows the clear identification or differentiation of an item or concept from others.
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