The oil price schok of 1980 sent gasoline prices sharply, Ask an Expert

Economics

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?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9686217

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