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Author Question: The De Beers diamond mining and marketing company of South Africa became one of the most profitable ... (Read 114 times)

RYAN BANYAN

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on: Jun 29, 2018
The De Beers diamond mining and marketing company of South Africa became one of the most profitable and longest-lived monopolies in history. Which of the following has always threatened De Beers' control of the diamond market?
 
  A) At different times in the past some countries have banned the importation of diamonds from South Africa for political reasons.
  B) Competition from imitation diamonds. Technology has made it possible to make fake diamonds look exactly like real diamonds.
  C) Competition from other gemstones, including rubies and emeralds, that have become more popular over time.
  D) Since few diamonds are ever destroyed, De Beers has constantly faced possible competition from other firms reselling diamonds.

Question 2

If economies of scale are significant, the typical firm will not reach the minimum point on its long-run average cost curve until it has produced a large fraction of industry sales.
 
  Indicate whether the statement is true or false
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sokh

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RYAN BANYAN

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kthug

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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