What does the statement in monopoly, the firm is the industry mean?

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What does the statement "in monopoly, the firm is the industry" mean?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:35 AM

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What does the statement in monopoly, the firm is the industry mean?

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With no other firms in the industry the monopoly has 100 percent of in...View the full answer

Principles of Economics

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