Vital to the production of aluminum

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Before World War II, Alcoa controlled the supply of bauxite in the United States. Because bauxite is a scarce resource that is vital to the production of aluminum:

a. Alcoa can be said to have operated a monopolistically competitive market.

b. Alcoa was altruistic and willing to share its bauxite with other aluminum firms.

c. Alcoa had a monopoly in the U.S. aluminum market.

d. Alcoa was bound to charge a nominal price in the U.S. aluminum market.

e. the U.S. aluminum market was highly competitive.

Reference no: EM13981373

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