If there were many suppliers of diamonds, the price would be $3,000 per diamond and the quantity sold would be 7,000 diamonds. If there were only one supplier of diamonds, the price would be $8,000 per diamond and the quantity sold would be 2,000 diamonds. Suppose Russia and South Africa form a cartel. In this case, the price would be $ per diamond and the total quantity sold would be diamonds. If the countries split the market evenly, South Africa would produce diamonds and earn a profit of $ . If South Africa increased its production by 1,000 diamonds while Russia stuck to the cartel agreement, South Africa's profit will increase to

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.