all T-Mobile 6:52 PM 24% 29. Assume that US Steel owned the whole steel industry

Question

all T-Mobile 6:52 PM 24% 29. Assume that US Steel owned the whole steel industry. It would be a (an) 30. Long-run economies of scale exists when the long-run average cost curve: 31) Probably the most important factor leading to improved resource efficiency over the long run is: 32) Which of the following statements about the costs of economic growth is true? 33. Which of the following best describes a capital good used in a law office 34) The cost of a purchase or action measured in item of its foregone alternative is its: 35) Profit maximization loss minimization output determination point is: 36) Under perfect market conditions price is determined by supply and demand in a (an)

Explanation / Answer

29. Monopoly

Explanation: A monopoly is a simgle firm in the industry, having the complete market share.  

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