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Author Question: The De Beers Company, one of the longest-lived monopolies, is facing increasing competition. One ... (Read 73 times)

krzymel

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on: Jun 29, 2018
The De Beers Company, one of the longest-lived monopolies, is facing increasing competition. One source of competition comes from people who might resell their previously owned diamonds.
 
  Why is De Beers worried that people might resell their previously owned diamonds?
  A) because the availability of previously owned diamonds would make the market demand curve for diamonds more inelastic and force De Beers to lower its price
  B) because previously owned diamonds would be a close substitute to newly mined diamonds and therefore reduce De Beers' market power
  C) because the availability of previously owned diamonds would increase the market demand for diamonds and dilute De Beers' monopoly
  D) because De Beers will not be able to guarantee the quality of previously owned diamonds and fears that its reputation might be harmed

Question 2

Refer to Figure 11-3. For what quantity of labor does production start to display diminishing returns?
 
  A) for more than 1 units of labor B) for more than 4 units of labor
  C) for more than 5 units of labor D) for more than 8 units of labor
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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missalyssa26

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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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krzymel

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Zebsrer

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

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