After Having a Monopoly in the Diamond Market for Many

question 111

Multiple Choice

After having a monopoly in the diamond market for many years, by 2000 the De Beers company 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:

Fourteenth Amendment

An amendment to the United States Constitution granting citizenship to all persons born or naturalized in the United States, including former slaves, and guaranteeing all citizens "equal protection of the laws."

Racial Discrimination

Unfair treatment of individuals based on their race or ethnicity, leading to inequality and injustice in the workplace and beyond.

Private Employer

An individual or organization that operates a business and employs workers, not affiliated with governmental or public entities.

Quid Pro Quo

A Latin phrase meaning "something for something," referring to an exchange of goods, services, or favors, where one transfer is contingent upon the other.