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Trava [24]
3 years ago
15

The price of diamonds is high, in part because the majority of the world’s diamonds are controlled by a single firm. This is an

example of a.a market failure caused by an externality.b.a market failure caused by market power.c.a market failure caused by equality.d.There is no market failure in this case.
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

Option (b) is correct.

Explanation:

This is a case of monopoly market condition where there is a single firm operating the whole market. The price of the products is set by the single firm and the buyers in this market are price taker. The monopolist can earn normal profit, losses and abnormal profit in the short run and can earn normal profit and abnormal profit in the long run.

In our case, the price of diamonds is high because there is only single firm in the whole market and there is no other competitors in the market. That's why they are charging the higher prices.

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alexandr1967 [171]

Answer:

True.

Explanation:

In today's world it is a mistake to relate environmental and social sustainability to rising costs and altruism. It is a fact that consumers are more informed and have transformed their consumer relationship with companies, currently society demands organizational transparency and seeks to relate to entities that help in social and environmental development.

But more than altruism and improvement of the organizational image, companies that adopt an environmental and social management system achieve several strategic and economic benefits, which helps to reduce costs and waste, besides the possibility of market gain and increased customer satisfaction. stakelhoders, as the most important of the environmental and social management system, continuous process improvement, which in the long term becomes value for the organization.

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4 years ago
Money is: multiple choice any good that buyers and sellers have a desire to purchase, use, or hold. anything that both buyers an
marysya [2.9K]

Answer:

Money is: any good that buyers and sellers have a desire to purchase, use, or hold. only the printed paper currency and the coins that are produced by the government. anything that both buyers and sellers will accept in exchange for goods and services. the gold and silver behind the currency and the coins that are issued by the government.

Explanation:

if it is helpful..... plzz like and follow

8 0
3 years ago
Read 2 more answers
Equivalent units of production are equal to the
Evgen [1.6K]

Answer:

a. units completed by a production department in the period.

Explanation:

An equivalent unit of production -

It is the amount of work which is done by the manufactures on the units of the output , which are completed over the specified time period .

It includes the fully completed units as well as the partially completed units .

These equivalent units are useful for the production cost report of the company .

Hence , the correct statement for equivalent unit of production is , ( a ) .

8 0
4 years ago
​megan hughes deposits $2300 in an account that pays simple interest. when she withdraws her money 8 months later, she receives
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2484
(2300)
---------
184

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23 / 2300 = .01 -->1%
7 0
3 years ago
What is the amount of the risk premium on a U.S. Treasury bill if the risk-free rate is 2.8 percent and the market rate of retur
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Answer:

5.55%

Explanation:

risk premium = market rate of return - risk free rate

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7 0
3 years ago
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