The Barrier to Entry That Allowed Alcoa to Make Persistent

question 242

True/False

The barrier to entry that allowed Alcoa to make persistent economic profits was ownership of an essential input.

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Definitions:

Bank Account

A financial account maintained by a bank for a customer, allowing the customer to deposit and withdraw money and possibly earn interest.

Password

A secret word or phrase used to authenticate or gain access to a resource.

Budget

A plan for managing income and expenditure over a specific period.

Substantial Income

A significant amount of money earned, usually enough to support a high standard of living or fulfill financial goals.