De Beers is worried that people might resell their previously owned diamonds <u>because previously owned diamonds would be a close substitute to newly mined diamonds and therefore reduce De Beers' market power</u>.
<u>Explanation</u>:
A single company selling the unique product with no competition is known as monopoly. The company is sole seller of the product. The company is free of competition and decides the price of the product with full freedom.
De Beers Company is a monopoly company dealing with diamonds. They were monopoly for long time. In recent days they are facing increasing competition due to resale of diamonds by the previously owned customers. The company’s market power is reduced as the previously owned diamond is close to newly mined diamond.
Answer:
Comparative Advantage
Explanation:
The assumption of Comparative Advantage theory is that there is no barrier.
It is explained in the model that if each country focuses on what it does best relatively then both countries together can produce more of each good/service using all their labor.
Then they can trade with each other and benefit. (To trade they must produce what the other need)
The sentence that shows the disadvantage of a questionnaire is option D. The sample of individuals who respond may not be representative of the population.
<h3>What is a questionnaire?</h3>
A questionnaire is a set of printed or written questions with a choice of answers, devised for the purposes of a survey or statistical study.
Therefore, the correct answer is option D. The sample of individuals who respond may not be representative of the population.
learn more about questionnaire: brainly.com/question/25257437
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The type of venue that small-business retailers favor is C.SPECIALTY SHOP.
Being in a specialty shop, your products will be prominently displayed and competition is minimal <span>compared to other given venues.
Customers, looking for specific items that you can offer, usually prefer going directly to the shops instead of wasting time looking around those bigger venues searching for items they need. </span>
Answer:
The EPS in recession is $1.546 per share.
Explanation:
The earnings per share or EPS is a function of net income divided by the number of shares outstanding. The earnings per share calculates the dollar return per share that is earned in a year.
Earnings per share = Net Income / No of common shares outstanding
Where, Net Income = EBIT - Interest - Tax
The EBIT in recession will be = 86600 * (1-0.25) = $64950
The company is all equity financed so there is no interest cost.
Net Income in recession will be = 64950 - (64950 * 35%) = $42217.5
Thus, EPS in recession = 42217.5 / 27300 = $1.546 per share
