What happened to the market since coal is homogenous

Reference no: EM13220796

the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what happened to the market?

Reference no: EM13220796

Questions Cloud

Compute the percent ionization of lactic : Calculate the percent ionization of 0.085 moles/l of lactic acid in a solution containing 0.050 moles/l sodium lactate

Can the corporations be held liable : Agents and employees of Apples Corporation and Oranges Corporation are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can the corporations be held liable for these crimes? If so, how can t..

Explain what would be the vapor pressure of toluene : Its normal boiling point is 111.0oC and its molar heat of vaporization is 35.9 kJ/mol. What would be the vapor pressure (in torr) of toluene at 75.00oC?

Explain did tomato fest suffer an economic loss : Fierce storms in October 2004 caused Tomato Fest Organic Heirlooms Farm to end its tomato harvest two weeks early. According to Gary Ibsen, a partner in this small business (Carolyn said, "Tomatoes in Trouble," San Francisco Chronicle, October 29,..

What happened to the market since coal is homogenous : the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..

Copper and zinc appear next to each other on periodic table : Copper and zinc (elements 29 and 30, respectively) appear next to each other on the periodic table. A 5.50 g sample of zinc has a volume of 0.770 mL, while a 5.50 g sample of copper has a volume of 0.616 mL. Why?

Why are nice homes usually built on expensive lots : someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones

Define each role and discuss the fundamental differences : In organizations there are supervisors, managers and leaders. What makes them different? Define each role and discuss the fundamental differences of each. Give position specific examples to support your position.

Which of output levels represents macroeconomic equilibrium : On the planet Omicron Persei 8, government spending is $1000, net taxes are $1200, and planned investment is $1400. Consumers spend according to the equation C = 100 + 0.8Yd, where Yd represents disposable income.

User Account

All Pages