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20 March, 03:09

has faced limited competition in the market for diamonds. What barrier has kept new firms from entering the market for diamonds ?

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  1. 20 March, 03:22
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    Answer: The property of diamond mines is essential for the particular diamond market, because without access to a diamond mine the business could not be developed.

    The barrier that prevented the entry of new companies to the diamond market is that the company can have exclusive ownership of diamond mines.
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