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:

Jamaica

An island nation in the Caribbean, known for its vibrant culture, music, and as a leading producer of bauxite.

Civil Rights Act

A landmark piece of federal legislation in the United States that outlaws discrimination based on race, color, religion, sex, or national origin, originally enacted in 1964.

1866

A year significant for multiple historical events, such as the passing of the Civil Rights Act in the United States, establishing rights for African Americans.

Legislative Power

Refers to the authority to make laws and frame public policies.