The last topic is that in the professional market in the United States?

[sharminsumu86]

The profitability of excessive competition and relative competition is unknown, so most participants will play the game market. The profitability of the absolute monopoly market is relatively stable, so the proportion of game is relatively low. In addition, the depth of participation in the industry is different, and the size of the participants is very different. In order to verify the above proposition, we spent about two years to find an econometrics tutor to prove the logic of the general evolution of the industry from mathematics and economics, that is, the problem of how to improve efficiency. We wrote a paper. It basically conforms to the whole process we just talked about. The second topic is that we later conducted a historical review of mature markets and an analysis of the spot market structure. We studied the evolution of the commodity industry in mature and semi-mature markets such as Europe, the United States, Japan, and South Korea.

We studied whether this form is suitable for presenting this law. there are always a few surviving representatives or monopolies. Why can they survive in different industries? Is there any commonality in this topic? Because these topics are theoretical, they can guide us in theory and combine these theories with Chinese facts for discussion. This topic is more phone number library difficult and was not completed in the end because there was not enough data. The basic characteristics of enterprises are that before entering the monopoly, profits are very unstable, credit is not enough, and its various links are separated, and there is no way to effectively integrate them. However, industrial companies that have entered the monopoly stage basically form a comprehensive layout from upstream to intermediate warehousing, transportation, and trade to downstream industrial layout, and even enter the final production.

In theory, it reflects a stable earning, the so-called processing fee. This kind of company has a very strong anti-cyclical ability. When it is very good, it can make reasonable profits. When it is very bad, it can redistribute by adjusting the so-called upper, middle and lower profit distribution and the operating rate. This kind of company is not completely risk-free. For example, the leverage problem. In 2015, metal prices fell sharply. For example, the overnight lending rate in the UK was very high. The anti-cyclical ability was greatly enhanced anyway. Therefore, building the competitiveness of each link in the entire industrial chain may be the only way for an industrial company. If the commodity is a commodity in the global trade chain, if we want to obtain stable profits and industrial competitiveness, we must go out and look at the entire industry from a global perspective. This ability is not only industrial ability, industrial ability, or investment ability, but also a comprehensive ability.