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vovikov84 [41]
3 years ago
6

The De Beers Company, one of the longest-lived monopolies, is facing increasing competition. One source of competition comes fro

m people who might resell their previously owned diamonds. Why is De Beers worried that people might resell their previously owned diamonds?
Business
1 answer:
inessss [21]3 years ago
4 0

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.

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Unemployment arising from a persistent mismatch between the skills and characteristics of workers and job requirements is called
Naily [24]
<span>Structural unemployment</span>
5 0
3 years ago
Anne is a full-time student at UCLA buts works part-time as a waitress at a diner near her dormitory. She earns an hourly wage b
miss Akunina [59]

Answer:

In California, if the tip is included in the service charge, Anne's employer must pay taxes for them. The employer is required to pay for these taxes in California, not the employee. Even though tips are not part of an employee's wage, they are still taxable. This means that Anne must include the $51 in her AGI.

5 0
3 years ago
On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 5 years with a $10,000 salva
Paraphin [41]

Answer:

On December 31,2019

Depreciation expense Dr $7,000

          To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below;

On December 31,2019

Depreciation expense Dr $7,000

          To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

The computation is shown below:

= ($80,000 - $10,000) ÷ 5 years × 6 months ÷ 12 months

= $7,000

For recording this we debited the depreciation expense as it increased the expenses and decreased the assets so the accumulated depreciation is credited

And, the six months is taken from July 1 to December 31

     

4 0
3 years ago
You are saving for retirement. To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.Today is
kozerog [31]

Answer:

Monthly pay= 5344.67

Explanation:

Giving the following information:

To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.

Today is your 29th ​birthday, and you​ decide to put the same amount into a savings account. If the interest rate is 8%​.

How much must you set aside each year?

n= 36

i= 0.08

FV= 1,000,000

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

We need to isolate A (monthly pay):

<u>A= (FV*i)/[(1+i)^n-1]</u>

A= (1000000*0.08)/(1.08^36-1)

A= 80000/14.96817184

A= 5344.67

8 0
3 years ago
In Step 1 of developing an EFE​ Matrix, how many opportunities and threats should be included in the full and narrow​ lists, res
Svetach [21]

Answer:

Option B. ​100, 20

Explanation:

The full list should not be more than 100 because we would not like to have any opportunity/threat having less than 1% contribution so The sum of percentages should be 100.

At least 20 opportunities and threats should be there in the narrow list.

4 0
3 years ago
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