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17 October, 07:43

The diamond market is monopolized by the debeers organization, from mining to cutting and polishing to wholesaling. jewelers can do little to negotiate prices. this situation typifies

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  1. 17 October, 08:12
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    I would say this sort of situation typifies a monopoly or a cartel where the whole process of extracting and preparing a product is controlled by one company so that those who need to utilize their products are subject to the whims of such a company as there is little or no alternative suppliers. It also would qualify the one company who controls the whole process of developing a product as a strong supplier.
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