Which of the following properties is seen in a buy-sell transaction arranged by a pipeline?
a. Pipelines offer to resell gas to consumers even at a loss.
b. Gas producers offer to sell gas to the pipelines at a discounted prices.
c. Gas producers ration the amounts they supply to the pipelines.
d. Pipelines evade the legal ceiling on their transportation charge by bundling the gas with transportation service.
D
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Which of the following is not consistent with a goal of reducing the power of firms in the market?
a. shortening patent life b. creative destruction theory c. countervailing power theory d. Schumpeter's economies of scale argument e. antitrust policy
A nation's capital stock was valued at $500 billion at the start of the year and $575 billion at the end. Consumption of private fixed capital in the year was $35 billion. Assuming stable prices, net investment was ________.
A. $40 billion B. $75 billion C. $35 billion D. $45 billion