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Author Question: In the early 1900s, U.S. Steel acted as a dominant firm with over sixty percent (60%) of the market. ... (Read 48 times)

corkyiscool3328

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on: Jun 18, 2019
In the early 1900s, U.S. Steel acted as a dominant firm with over sixty percent (60%) of the market. Many, including the Supreme Court in 1920, viewed U.S. Steel as a "good" monopolist since competitive fringe firms prospered under this arrangement. Graph the market for steel as it might have existed at this time showing that being a member of the competitive fringe can be profitable. Assume a linear market demand and linear MC and AC that slope upward.
Microeconomics ¦ Perloff ¦ 8th Edition
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Marked as best answer by corkyiscool3328 on Jun 18, 2019

ErinKing

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Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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corkyiscool3328

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Reply 2 on: Jun 18, 2019
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
Excellent

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