(Answered) Please read the followingthe cartel isnt for everan israeli

Economics

Please read the following:

The cartel isn't for ever

An Israeli tycoon is helping to force De Beers to surrender its control of the world's diamond market

Links to an external site.

1) What is an oligopoly?

2) Do you think an oligopoly is inevitable in this industry?

3) What components are needed to ensure that price will remain unchanged?

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Business Economics, Economics

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