Develop an economic model, including appropriate diagrams, to assess the effects of a technological change (which
must be properly referenced), on firm decisions and world market outcomes. In your answers, assume that the world market is the only relevant market for the industry.
Running head: IRON ORE INDUSTRY 1 Iron ore industry
Institution IRON ORE INDUSTRY 2
Iron ore industry According to Weng, (2013), iron ores refers to minerals and rocks from which extraction