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  • 阅读理解A
    题干:Inrecentyears,railroadshavebeencombiningwitheachother,mergingintosupersystems,causingheightenedconcernsaboutmonopoly.Asrecentlyas1995,thetopfourrailroadsaccountedforunder70percentofthetotalton-milesmovedbyrails.Nextyear,afteraseriesofmergersiscompleted,justfourrailroadswillcontrolwellover90percentofallthefreightmovedbymajorrailcarriers.Supportersofthenewsupersystemsarguethatthesemergerswillallowforsubstantialcostreductionsandbettercoordinatedservice.Anythreatofmonopoly,theyargue,isremovedbyfiercecompetitionfromtrucks.Butmanyshipperscomplainthatforheavybulkcommoditiestravelinglongdistances,suchascoal,chemicals,andgrain’truckingistoocostlyandtherailroadsthereforehavethembythethroat.Thevastconsolidationwithintherailindustrymeansthatmostshippersareservedbyonlyonerailcompany.Railroadstypicallychargesuch“captive”shippers20to30percentmorethantheydowhenanotherrailroadiscompetingforthebusiness.Shipperswhofeeltheyarebeingoverchargedhavetherighttoappealtothefederalgovernment'sSurfaceTransportationBoardforraterelief,buttheprocessisexpensive,timeconsuming,andwillworkonlyintrulyextremecases.Railroadsjustifyratediscriminationagainstcaptiveshippersonthegroundsthatinthelongrunitreduceseveryone'scost.Ifrailroadschargedallcustomersthesameaveragerate,theyargue,shipperswhohavetheoptionofswitchingtotrucksorotherformsoftransportationwoulddoso,leavingremainingcustomerstoshoulderthecostofkeepinguptheline.It'satheorytowhichmanyeconomistssubscribe,butinpracticeitoftenleavesrailroadsinthepositionofdeterminingwhichcompanieswillflourishandwhichwillfail.“Dowereallywantrailroadstobethearbitersofwhowinsandwholosesinthemarketplace?”asksMartinBercovici,aWashingtonlawyerwhofrequentlyrepresentsshippers.Manycaptiveshippersalsoworrytheywillsoonbehitwitharoundofhugerateincreases.Therailroadindustryasawhole,despiteitsbrighteningfortunes,stilldoesnotearnenoughtocoverthecostofthecapitalitmustinvesttokeepupwithitssurgingtraffic.Yetrailroadscontinuetoborrowbillionstoacquireoneanother,withWallStreetcheeringthemon.Considerthe$10.2billionbidbyNorfolkSouthernandCSXtoacquireConrailthisyear.Conrail'snetrailwayoperatingincomein1996wasjust$427million,lessthanhalfofthecarryingcostsofthetransaction.Who'sgoingtopayfortherestofthebill?Manycaptiveshippersfearthattheywill,asNorfolkSouthernandCSXincreasetheirgriponthemarket.
    题目:According to those who support mergers,railway monopoly is unlikely because_____.
  • A 、cost reduction is based on competition
  • B 、services call for cross trade coordination
  • C 、outside competitors will continue to exist
  • D 、shippers will have the railway by the throat

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【正确答案:C】

细节题。第二段第二句提到,支持兼并的人认为,由于来自公路运输的激烈竞争,所以铁路行业不可能存在垄断。所以C选项最符合文章的意思。

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