Monopoly: The Case Of Egyptian Steel

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 its competitors.