After Having a Monopoly in the Diamond Market for Many

question 126

Multiple Choice

After having a monopoly in the diamond market for many years, by 2000, De Beers faced competition from other companies.To maintain its market share, De Beers

• A)began buying so-called "blood diamonds" in order to keep these diamonds out of the control of other diamond companies.
• B)adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand.
• C)bought diamond mines in Canada and Russia that had been its competitors.
• D)lowered the prices of its diamonds to make the market appear less profitable to potential competitors.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the body, such as heart rate, digestion, and respiratory rate.

Electrically Shocked

The experience of undergoing an electric shock, which is the sudden discharge of electricity through a part of the body, potentially causing harm.

Psychoanalysis

A therapeutic approach and theory of mind developed by Sigmund Freud, emphasizing unconscious motives and conflicts as the drivers of human behavior.

Unconscious Origins

The underlying, often unaware sources of thoughts, feelings, and behaviors, rooted in early experiences or the subconscious mind.