Unformatted text preview: problem) with focus on efficient new plants M(3)=1 while M(1,2)=3,2. State coordination facilitated the massive amount of investment required to build these plants and policy including tax benefit, favorite loans made this as affordable as possible. Meticulous planning and long-term centralized procurement lower production costs . The result is production on a larger scale than before Q(3)=25, with much greater efficiency M(3)=1. Although the initial investment is quite large, the increased capacity enables Nippon Steel to be profitable with the lower marginal cost....
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- Spring '09
- Economics, japan, steel industry, world market, Shin Nippon Steel