Answered

Why was de beers worried that people might resell their old​ diamonds? if people resell their old​ diamonds, then


a. used diamonds would not have a brand name.


b. market supply would​ increase, increasing market prices.


c. market competition would​ increase, decreasing profits.


d. de beers would become a natural monopoly.


e. de beers would not be able to gain patent protection?

Answer :

enobongstanley21

Answer:

c. market competition would​ increase, decreasing profits.

Explanation:

if people resell their old diamonds, then market competition would increase, decreasing profits. Introducing de beers old product into a market system will directly alter the sales of new products being developed by de beers. Their products has gained great trust among customers and even in the case of resales, a good number of needing customers would not mind as the value of Diamonds stays on the high side and this will affect market competition.

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