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.

---

Definitions:

Like Terms

Algebraic terms that feature identical variables elevated to identical exponents and are capable of being merged.

Evaluate

To determine or assess the value or amount of something.

Six-figure Accuracy

A term indicating a numerical value or calculation is precise up to six digits.

Simplify

To reduce complexity or make easier to comprehend, particularly by breaking down into fundamental elements.