The following table summarizes the electric power generation industry in the U.S. from 1917 to 1927. 1927 1922 1917 6,452 5,124 1,418 5,952 $3,060,392,141 105,541 25,438,303,272 25,751,964,800 7,178,703 Number of establishments 4,335 6,355 4,389 1,966 5,444 $4,465,015,691 150,762 40,291,536,435 41,964,785,034 |12,709,868 Generating all or part of current 2,331 Purchasng all current 2,004 Number of separate generating stations Value of plant and equipment Total number of persons employed Current generated, killowatt-hours Current sold, killowatt-hours Number of customers 4,801 $9,297,458,356 |251,020 74,686,378,010 79,011,210,518 21,790,238 Which of the following properly characterizes what has been happening over the ten years? 111 A. Substitutes began to outnumber complements O B. Barriers to entry are decreasing OC. Buyer power is increasing OD. The industry in consolidating

The following table summarizes the electric power generation industry in the U.S. from 1917 to 1927. 1927 1922 1917 6,452 5,124 1,418 5,952 $3,060,392,141 105,541 25,438,303,272 25,751,964,800 7,178,703 Number of establishments 4,335 6,355 4,389 1,966 5,444 $4,465,015,691 150,762 40,291,536,435 41,964,785,034 |12,709,868 Generating all or part of current 2,331 Purchasng all current 2,004 Number of separate generating stations Value of plant and equipment Total number of persons employed Current generated, killowatt-hours Current sold, killowatt-hours Number of customers 4,801 $9,297,458,356 |251,020 74,686,378,010 79,011,210,518 21,790,238 Which of the following properly characterizes what has been happening over the ten years? 111 A. Substitutes began to outnumber complements O B. Barriers to entry are decreasing OC. Buyer power is increasing OD. The industry in consolidating

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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