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Author Question: After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced ... (Read 82 times)

lb_gilbert

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on: Jun 29, 2018
After having a monopoly in the diamond market for many years, by 2000 the De Beers company faced competition from other companies. To maintain its market share, De Beers
 
  A) lowered the prices of its diamonds to make the market appear less profitable to potential competitors.
  B) began buying so-called blood diamonds in order to keep these diamonds out of the control of other diamond companies.
  C) bought diamond mines in Canada and Russia that had been its competitors.
  D) adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand.

Question 2

What did economists Robert Jensen and Nolan Miller determine must be true for a good to be a Giffen good, where the income effect is larger than its substitution effect?
 
  What will be an ideal response?
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triiciiaa

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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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lb_gilbert

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Reply 2 on: Jun 29, 2018
Excellent

nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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