Most of the world's subway and railway operators suffer financially. New York's subway, for example, spends $2.5 billion in 2015 to service debt. From the institution-based and resource-based views, how can MTR generate US$2 billion of profits on US$5 billion of revenues?

Answer rating: 100% (QA)

Generating significant profits in the subway and railway industry can indeed be challenging due to the high costs associated with infrastructure maintenance operational expenses and other factors To a... View the full answer