3 ms·
Diamonds are extremely abundant. So I don't think your example is good, there is collusion to keep their prices sky high. There is artificial control on the qua
by devoply 10y ago
Diamonds are extremely abundant. So I don't think your example is good, there is collusion to keep their prices sky high. There is artificial control on the quantity of diamonds to create scarcity to drive up costs.
- oli5679 10y agoOk thanks, I didn't know that. Could substitute for something else like caviar and the principal applies.