Alcoa had a monopoly in the U.S. aluminum market from the late nineteenth century until the end of World War II. Which barrier to entry was the source of Alcoa's monopoly power?

Question

Quizplus · Accepted Answer

Alcoa's monopoly power was primarily due to its ownership of a vital resource, specifically bauxite, the raw material used to produce aluminum. This control over the essential input made it difficult for competitors to enter the market.

Alcoa Had a Monopoly in the U