We characterized the interstate rail lines owned by major U.S. railroads as strategic assets that generated increased

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We characterized the interstate rail lines owned by major U.S. railroads as “strategic assets” that generated increased profits from 2005 to 2007. In what conditions would you expect these assets to generate economic rents? Keep in mind that railroads compete with trucking companies as well as other railroads. Trucking companies have some advantages, including flexibility.

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Principles of Corporate Finance

ISBN: 978-0077404895

10th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen

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