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- Please compare the difference in market equilibrium and its consequence between monopoly and market competitionThere are claims saying that free flow of trade prevents monopoly. However, free flow of trade may cause monopoly through predatory pricing. For instance, a foreign industry may dump its goods in a country with free flow of goods strategy. Thus, it forces other rivals out of the market, and will get a monopoly position. Please provide a counter-argument for the above claimBased on the literature ,demonstrate the differences between free competition and monopoly. Refer to examples from economic practice. /minimum answer size is 30 sentences complex/. Use scientific literature - a minimum of 5 titles.
- How was De Beers able to control the world price of diamonds over the past several decades even though it produced only 45 percent of the diamonds? What factors ended its monopoly? What is its new profit strategy?Some countries’ competition and antitrust policies are pro-competition and pro-consumer, whereas other countries’ policies are pro-incumbent and pro-producer. How do they differ?How do we measure a four-firm concentration ratio? What does a high measure mean about the extent of competition?