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Integrated ownership of pipelines

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Reference no: EM133092071

Question 1: The integrated ownership of pipelines was initially used by some oil companies to gain control of oil-producing area. How did they use their market power to gain market control? What other reasons can be offered for integrated ownership? Are these reasons valid in today's business environment?

Question 2: Railroads have abandoned a significant number of miles of track (over 260,000 miles) since 1916. Why has this trend developed? Will it continue into the future? Why or why not?

Reference no: EM133092071

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