The Price of Diamonds Is High,in Part Because the Majority

question 16

Multiple Choice

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.

Examine the disparities in employment rates among different racial groups.

Understand the principles and practices of managing diversity and the political-legal environment impacting businesses.

Identify and understand the structure and composition of Earth's layers.

Recognize geological hazards and their potential impacts.

---

Definitions:

Induration

The process of becoming hard or the condition of being hardened, often referring to an area of the skin that becomes firm from inflammation, edema, or malignant growth.

Abdominal Bandage

An abdominal bandage is a bandage or wrap designed to support the abdomen after surgery, injury, or for any other medical reason requiring additional abdominal support.

Circulatory Impairment

A condition where the blood flow through the body's circulatory system is blocked or reduced, affecting the body's ability to deliver oxygen and nutrients to tissues.

Hydrogen Peroxide

A chemical substance known as H2O2 that serves as an oxidizing agent, a bleaching substance, and a disinfectant.