Question: What do you understand by the term cartelisation? List and discuss three factors influencing cartelisation. In recent times, the world has experienced rising fuel prices.

What do you understand by the term "cartelisation"? List and discuss three factors influencing cartelisation. In recent times, the world has experienced rising fuel prices. Has cartelisation contributed to the rising fuel prices? If yes, how, and if no, why? List and discuss two pros and two cons of cartelisation in the extraction of a natural resource. Use real-world examples to support your answer.

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