Some firms have engaged in backward vertical integration strategies to appropriate the economic profits that would have been earned by suppliers selling to them. How is this motivation for backward...

Some firms have engaged in backward vertical integration strategies to appropriate the economic profits that would have been earned by suppliers selling to them. How is this motivation for backward vertical integration related to the opportunism logic for vertical integration described in this chapter? (Hint: Compare the competitive conditions under which firms may earn economic profits to the competitive conditions under which firms will be motivated to avoid opportunism through vertical integration.)