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.

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Definitions:

Ruminative Thinking

A pattern of repetitive and passive focus on one's symptoms of distress and its possible causes and consequences, rather than solutions.

Depression

A behavioral health condition manifested by a perpetual state of depression or indifference towards activities, which notably hampers one's ability to function daily.

Problem Solving

The process of identifying an issue, devising, and implementing a solution to overcome an obstacle or challenge.

DBT Targets

Key areas of focus in Dialectical Behavior Therapy, including emotion regulation, distress tolerance, mindfulness, and interpersonal effectiveness.