Oligopoly

Iron Ore

There are only three major global producers of iron ore: Vale (of Brazil), Rio Tinto and BHP Billiton. Historically the firms have used the "price leader" model of behavior, where one producer has negotiated prices which the others have followed. In 2008 Rio Tinto was reportedly trying to get a higher price from Chinese customers because of its closer proximity to their market.

Cell Phone Service Providers

Is it a coincidence that we have so many gripes with cell phone companies?

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License