De beers is the world's largest a minor and a purveyor of diamonds. People overwhelmingly shop for a new diamond rather than one on ebe. And so debeers hays a lot of, i think, i'm guessing, some serious market power. Well, i started tosay, diamonds are not a necessity, but i mid, my wife is home. I don't want her to hear that's mistDiamonds may be a necessity if you se on situation well, but it's actually one of the cases where you might concede the claim often made by people on the left that advertising creates a market.
Are tech giants such as Google, Amazon, or Facebook dangerous? Do they have too much power? Dive into the murky waters of antitrust as Michael Munger of Duke University talks with EconTalk host Russ Roberts about monopoly, antitrust policy, and competition in the 21st century.