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Homework answers / question archive / Is diamond price higher than it should be? Are diamonds rare? Which model did the diamond industry use in old days to keep the diamond price high and make profit? (Tip: Collusion) What is the reason for the high price?

Is diamond price higher than it should be? Are diamonds rare? Which model did the diamond industry use in old days to keep the diamond price high and make profit? (Tip: Collusion) What is the reason for the high price?

Economics

Is diamond price higher than it should be? Are diamonds rare?

Which model did the diamond industry use in old days to keep the diamond price high and make profit? (Tip: Collusion)

What is the reason for the high price?

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