Author Question: Identify the reason why U.S. Steel prefers to own iron ore mines. a. It helps them to coordinate ... (Read 70 times)

WWatsford · **on:** Jun 30, 2018

Identify the reason why U.S. Steel prefers to own iron ore mines.
a. It helps them to coordinate iron ore transport and furnace operations.
b. It reduces the company's raw material costs.
c. It helps them to inspect the quality of the ore.
d. It reduces the competition the company faces in the world steel market.

Question 2

The purpose of convention is
A) to create a Nash game.
B) to determine one equilibrium out of a multi-equilibrium situation.
C) to offer multiple choices to players.
D) all of these choices.