Monopoly: The Case of Egyptian Steel

Tarek Selim ()

MPRA Paper from University Library of Munich, Germany

Abstract: The local steel industry in Egypt has been protected by high tariffs which were relaxed lately. The market is segmented according to steel type and there is a dominant steel producer acting as a monopoly in the market. Due to barriers to entry in the short run and the dominant market position of the monopoly, price elasticity became more demand inelastic. However, the dominant market player carries an innovative edge over his competitors.

Keywords: steel; oligopoly; monopoly; technology; barriers to entry; innovation; Egypt; elasticity; market dominance (search for similar items in EconPapers)
JEL-codes: D24 D42 D43 L12 L25 L52 L61 L72 (search for similar items in EconPapers)
Date: 2006-09
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Citations: View citations in EconPapers (2)

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