Author Question: For De Beers, the diamond company, diamond mines are ________ for their production. A) capital ... (Read 126 times)

RYAN BANYAN · **on:** Jul 1, 2018

For De Beers, the diamond company, diamond mines are ________ for their production.

A) capital services
B) labor services
C) materials
D) None of above.

Question 2

One criticism of the Bertrand pricing model is that

A) the model is implausible when there is product differentiation.
B) when there is an oligopoly with no product differentiation, the model's prediction is inconsistent with reality.
C) the model's predicted price is solely a function of demand conditions.
D) the model's predicted price is dependent on the number of firms.