Ashland oil inc buys its crude oil in the market larger oil


(Bounds of the Firm) Ashland Oil, Inc., buys its crude oil in the market. Larger oil refiners, such as Texaco, drill for their own crude oil. Why do some oil companies drill for their own crude oil and others buy crude oil in the market?

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Macroeconomics: Ashland oil inc buys its crude oil in the market larger oil
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