The DeBeers Company of South Africa was able to block competition through A) ownership of an ...

Author Question: The DeBeers Company of South Africa was able to block competition through A) ownership of an ... (Read 91 times)

altibaby

Hero Member
Posts: 562

on: Jun 29, 2018

The DeBeers Company of South Africa was able to block competition through

A) ownership of an essential input. B) differentiating its product.
C) government-imposed barriers. D) economies of scale.

Question 2

The income effect of a price increase causes a decrease in the quantity of a normal good demanded.

Indicate whether the statement is true or false

InMicro ¦ Hubbard, O'Brien ¦ 1^st Edition

Buy Test-Bank

polinasid

Sr. Member
Posts: 344

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

TRUE

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.