Allocation of IP Addresses
Perry E. Metzger
perry at piermont.com
Fri Mar 15 20:54:59 UTC 1996
Jim Browning writes:
> DeBeers has controlled (or at least significantly influenced) the price of
> diamonds for decades, ensuring that they appreciate in value by controlling
> supply, and by buying diamonds on the wholesale market to keep the price up
> (similar to what countries do to protect their currencies). They could
> flood the market at any time, driving the price down dramatically. Of
> course this isn't in their best interest, so they won't do it. However
> Russia might, as they have stockpiled large quantities of diamonds, and may
> not have the same goal as DeBeers...
So in what way is this a demonstration of a monopoly able to
arbitrarily raise prices? What you've shown is that someone might be
able to arbitrarily drop prices...
.pm
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