The monopoly position of De Beers was maintained primarily by:Multiple Choicecutting production and stockpiling.obtaining government licenses and patents.price discrimination and government regulation.expanding economies of scale in diamond production.

Which is an example of a privately-owned monopoly?Multiple Choicethe De Beers diamond syndicateESKOMPostal ServiceVodacom

A natural monopoly occurs whenGroup of answer choicesthe product is sold in its natural state, such as water or diamonds.there are economies of scale over the relevant range of output.the firm is characterized by a rising marginal cost curve.production requires the use of free natural resources, such as water or air.

Which of the following is not a possible source of natural monopoly?Multiple Choicelarge-scale network effectssimultaneous consumptiongreater use of specialized inputsrent-seeking behaviour

A well-established brewery offers lower-priced beer to powerful supermarket buyers at widespread locations and has loyal distributors that supply mass goods to supermarket retailers. With fewer ways to achieve differentiation in the market, newest microbrewery entrants offer similar products but lack sufficient funding to compete against the well-established brewery. Which strategy could new microbrewers employ? Explain your answer.

What are the Determinants that affect Porter's Diamond Model?a.Firm Strategy, Structure and Rivalryb.Supporting and Related Industriesc.The Demand Situationd.All of these