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_____ in an industry can be so large that demand will support only one firm.

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Answer: Monopoly is an industry can be so large that demand will support only one firm.

Step-by-step explanation:

A monopoly is defined as a single firm in an industry with no close substitutes. An industry is defined as a group of firms that produce the same good.

  • Monopoly = A single firm in an industry with no close substitutes.

The phrase, “no close substitutes” is important, since there are many firms that are the sole producer of a good.

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