Author Question: Although U.S. Steel is integrated into iron ore mining, it currently does not own any of the mines ... (Read 111 times)

clippers! · **on:** Jun 30, 2018

Although U.S. Steel is integrated into iron ore mining, it currently does not own any of the mines that supply its coking coal because:
a. the company has a high requirement of coking coal which cannot be supplied by a single mine.
b. the coal prices are highly unpredictable and volatile.
c. there are a limited number of coal suppliers.
d. futures and options markets are available for coal.

Question 2

A prisoner's dilemma exists when
A) all parties are as well off as possible.
B) all parties are worse off than would be the case if the parties could agree to another set of behaviors.
C) all but one party is worse off.
D) there are no benefits at all from any strategy.