Author Question: De Beers has a monopoly in the market for diamonds because they own a significant portion of the ... (Read 78 times)

plus1 · **on:** Jun 30, 2018

De Beers has a monopoly in the market for diamonds because they own a significant portion of the known diamond mines. One important source of challenge to De Beers' control of the diamond market is
a. the additional market supply from Russia, Australia, and Canada
b. the emerging auction markets for diamonds in France and Spain
c. the growing demand for diamonds in industrial uses
d. that its South African mines are not producing as many diamonds as they did decades ago
e. antitrust legislation in the United States

Question 2

Employers rely on a job applicant's signals
a. because they are always an accurate indication of the applicant's skills
b. because actual abilities are not observable prior to employment
c. because actual abilities are not observable after the applicant is hired
d. only when hiring someone for an entry-level position
e. only when hiring someone who has a college degree