Do you think an oligopoly is inevitable in the mining industry?

Marketing Jan 11, 2021

Expert Solution

Yes, oligopoly is inevitable in the diamond mining industry.

The government closely monitors and restricts new entrants into the mining industry. This discourages new entry into the industry. Moreover, the mining process requires substantial capital investments. The capital requirements work as a barrier to new firms. In the end, the mining industry closely fits two of the features that define an oligopolistic market:

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