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CO 2 5 Suppose that the DeBeers company faces very little competition from other firms in the wholesale diamond market. Why isn't the price of

CO 2 5 Suppose that the DeBeers company faces very little competition from other firms in the wholesale diamond market. Why isn't the price of wholesale diamonds $10,000 per carat? O a) because the government would not allow such a high price b) c) d) because stockholders would not allow such a high price because the company would sell so few diamonds that it would earn higher profits by selling at a lower price All of the above are correct

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