Explain the Source of Monopoly Power for DeBeers' Diamond Mine

question 112

Essay

Explain the source of monopoly power for DeBeers' Diamond Mine in South Africa, Microsoft (owned by Bill Gates), the American Medical Association (which licenses doctors), Polaroid's Instant Picture Cameras, USAir (which owns virtually all the gates at the airport in Charlotte, North Carolina), and electric utilities.

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Definitions:

Upper Back

The region of the back that extends from the base of the neck to the bottom of the ribcage, involving several muscles and the thoracic spine.

Trapezius

A large superficial muscle that extends from the occipital bone to the lower thoracic vertebrae and to the scapula, functioning to move the shoulder blade and support the arm.

Levator Scapulae

A skeletal muscle situated at the back and side of the neck, responsible for elevating the scapula (shoulder blade).

Fan-Shaped

Describes an object, structure, or pattern that spreads out in a shape resembling a fan.