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[6] [7] In 1926, Ernest Oppenheimer, a German immigrant to Britain and later South Africa who had earlier founded mining company Anglo American with American financier J. P. Morgan, [8] was elected to the board of De Beers. [9] He built and consolidated the company's global monopoly over the diamond industry until his death in 1957.
Nationalisation dates back to the 'regies' or state monopolies organized under the Ancien Régime, for example, the monopoly on tobacco sales. Communications companies France Telecom and La Poste are relics of the state postal and telecommunications monopolies. There was a major expansion of the nationalised sector following World War II. [23]
The result that monopoly prices are higher, and production output lesser, than a competitive company follow from a requirement that the monopoly not charge different prices for different customers. That is, the monopoly is restricted from engaging in price discrimination (this is termed first degree price discrimination , such that all ...
1686 English guinea showing the Royal African Company's symbol, an elephant and castle, under the bust of James II. Originally known as the Company of Royal Adventurers Trading into Africa, by its charter issued on 18 December 1660 it was granted a monopoly over English trade along the west coast of Africa, with the principal objective being the search for gold.
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
The highly anticipated decision issued by U.S. District Judge Amit Mehta comes nearly a year after the start of a trial pitting the U.S. Justice Department against Google in the country's biggest ...
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A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies .