monopoly
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Last updated 1:54 PM on 6/4/26
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8 Terms
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De beers
Once 90% monopolist controlling most of Africa’s diamond mines
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De beers now market share
40% world diamond production with competition from lab grown synthetic diamonds
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Pharmaceuticals key player
AstraZeneca, Pfizer
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20 year patent
90%+ market share
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Demand for pharmaceuticals
Disease prevalence, Aging population, low PED with medicine being essential and have limited substitutes during patent
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R&D cost
$1Bn + per drug, 15-20% revenue spent
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regulatory approval takes
10+ years
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