Read the Case Study at the end of Chapter 12, Elemica: Cooperation, Collaboration, and Community, and answer the following questions in detail (the paper should be no less than one page):  

Case Study Questions

1. If you were a small chemical company, what concerns would you have about joining Elemica?

2. Elemica provides a community for participants where they can transact, coordinate, and cooperate to produce products for less. Yet these firms also compete with one another when they sell chemicals to end-user firms in the automobile, airline, and manufacturing industries. How is this possible?

3. Review the concept of a private industrial network and describe how Elemica illustrates many of the features of such a network.