Coal producers cannot profit by acting opportunistically toward U.S. Steel because:
a. there is a wide range of coal producers and substitution possibilities are high.
b. coal is a highly specific resource and trades at competitive prices.
c. the company usually enters into a delivery contract to obtain coal.
d. the market for coal is thin.
A
Economics
You might also like to view...
By 2009, the percentage of the U.S. labor force employed in agriculture was:
a. 1.1 percent. b. between 2and 5percent. c. about 10 percent. d. 3percent.
Economics
Organizational structure forms evolved based on
A) new theories of management. B) the ability of new forms to add accounting profits. C) the ability of new forms to cover the cost of capital. D) the ability of new forms to add value.
Economics