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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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Costs that can be traced are considered to be:
PSYCHO15rus [73]
Not sure bud, but I think it's transactions.
5 0
4 years ago
Questions regarding financial vs. non-financial benefits of collaboration includeA. whether collaboration pays for itself.B. mak
Inessa05 [86]

Answer:

A) whether collaboration pays for itself.

Explanation:

Collaboration refers to a situation where two separate companies decide to leverage each other on an operational basis, in order for them to perform better together than they did separately.

The whole idea behind collaboration is to make more money by working together, therefore the collaboration should not only pay for itself but should also increase both companies' profits by boosting sales, engage in larger contracts, cut costs, etc.

If they are not going to win anything by working together, why should they do it?

8 0
3 years ago
Which of the following skills do employers in any field expect their employees to have?
Daniel [21]

Answer:

D. Ability to provide a healthy work environment

Explanation:

Every employee should provide a healthy work environment in the workplace.  A healthy work environment is not limited to hygiene issues but extends to works ethics.

Employers will seek employees who are team players.  The employees should be self-motivated, productive, happy, and should be acceptable by team members.

Poor hygiene and poor organization can have adverse effects on the entire team. It will affect communication and general wellness in the workplace.

A good team player will work in any field. The other options in the questions relate to specific careers.

6 0
3 years ago
MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual
Alina [70]

Answer:

Net Present Value =  $660.98  

Explanation:

<em>The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite. </em>

NPV of an investment:  

NPV = PV of Cash inflows - PV of cash outflow  

<em>PV of cash inflow = A× (1- (1+r)^(-n))/r </em>

A- annul cash inflow, r- 8%, n- 3

PV of cash inflow= 41,000× (1- 1.08^(-3))/0.08

=   105,660.98  

Initial cost = 105,000

NPV =  105,660.98  - 105,000

= $  660.98  

3 0
3 years ago
The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant
aleksklad [387]

Answer:

A positive balance of trade

Explanation:

The theory of mercantilism states that a country’s power depends mainly on its wealth. During the Age of Exploration, this meant that the prosperity of a nation should depend on a large supply of bullion (silver and gold) and a positive balance of trade. A positive balance of trade implies that exports should exceed imports. There were tariffs on imports. This discouraged importation.

Mercantilism was commonly practised in Europe within the 16th to 18th century.

I hope my answer helps you

4 0
3 years ago
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