Coal producers cannot profit by acting opportunistically toward U.S.Steel because:
A)there is a wide range of coal producers and substitution possibilities are high.
B)coal is a highly specific resource and trades at competitive prices.
C)the company usually enters into a delivery contract to obtain coal.
D)the market for coal is thin.

Question

Quizplus · Accepted Answer

There are many coal producers and high substitution possibilities, reducing the ability of any single producer to act opportunistically.

Coal Producers Cannot Profit by Acting Opportunistically Toward U