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Statement of Issue
Economic Theory Pertinent to Allegations of Cross Subsidization
Empirical Implications of Economic Theory of Predation and Subsidization
5 other sections not shown
16 major petroleum alleged predators American Petroleum Institute and/or antitrust average cash flow cent change company operated stations Competition in Gasoline consists convenience stores cost of capital crude oil December decline decontrol Department of Energy direct sales directly operated downstream efficiency entry evidence example expenditures Federal Trade Commission Financial Reporting System four-firm concentration ratio funds futures markets gasoline retailing groups Hence Herfindahl Index income independent marketers Industry integrated firms issue Jack Houston jobbers keting large integrated lessee dealers loss leaders major oil major petroleum firms marketing investments monopoly National Petroleum necessary condition oil companies operated service stations percent percentage Performance Profiles petroleum products potential predators predation hypothesis predatory activity predatory campaign Predatory Pricing Rates of Return refiner operated stations refurbishment retail gasoline marketing return to stockholders segment service station dealers successful predation suppliers Table tax rates tion tory campaign total returns U.S. House Vertical Integration wholesale Windfall Profits Tax