Suppose there is only one firm producing steel, one producing fiberglass, and one producing concrete. If steel and concrete are considered substitute goods in construction, while steel and fiberglass are considered substitute goods in auto production, there is no monopoly in the
A) steel market
B) fiberglass market
C) concrete market
D) construction market
E) boat market

Question

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The Answer of Suppose there is only one firm producing steel, one producing fiberglass, and one producing concrete. If steel and concrete are considered substitute goods in construction, while steel and fiberglass are considered substitute goods in auto production, there is no monopoly in the
A) steel market
B) fiberglass market
C) concrete market
D) construction market
E) boat market

Suppose There Is Only One Firm Producing Steel, One Producing