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Sreevathsa Karanam

Works Published inMises Daily Article

Sreevathsa Karanam is an economics major at the University of Houston.

 

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How the Cartels Ensure Diamonds Last Forever

Global EconomyMonopoly and Competition

01/17/2011Mises Daily Articles
Any diamond that enters the market must be certified by the WDC; those that aren't are considered conflict diamonds, and the individuals involved are prosecuted. Regulatory authority is used to control the global supply and price.
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