Over various periods, how did U.S. Steel act ‘as if’ it was a monopolist or near-monopolist and still survive?
It's a reminder of how much market power a monopolist holds in shaping a culture.
production by a monopolist is cheapest
Output restriction simply means that the monopolist and its employees work less hard.
A monopolist can determine the market price for its product and can be described as a price maker rather than a price taker.
It is the essence of monopoly that the monopolist has the power to set the price of his product, which is effected by altering the amount that is supplied.
It is a fact that the software producer has been judged to be a monopolist .
They now seem to resemble an unscrupulously privatised enterprise that was formerly a monopolist on the domestic market.
the state-owned monopolist generating company
This is because the behaviour of a rational monopolist will be to market the goods at a price which is higher than that prevailing under ordinary competitive conditions.