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Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolist in the U.S. aluminum industry from the late-nineteenth century until the 1940s. Which of the following best explains the barriers to entry that exist in this scenario?
Increasing returns to scale
Legal barriers
Exclusive ownership of a necessary resource
Many states have usury laws, which place a ceiling on interest rates. Why do most economists dislike these laws - The paper's content is jumbled and is partially in second person and uses unusual wording together as if it was a machine translation..
Write down the decision box which combines the letter grade and the amount of fun you have into a single payoff for each outcome.
The U.S. government strongly encouraged unions to be formed in the early 1940s because they held the view that unions would help to
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
The substitution affect isolates the change in the consumption of a good caused by: The slope of the budget line represents. Given that income is $300, the price of good Y is $15, and the price of good X is $20. What is the vertical intercept of the ..
If the average interval between? firm’s price adjustments is relatively? short,
q. suppose there are two consumers a and b. the utility functions of each consumer are given byuaxy xyubx y 2x ythe
Suppose that the market demand for wholesale coffee beans is given by P = 1200 - 2Q. Suppose that there are 10 identical firms, each with MC = lOq, determine the market supply. Using the market supply solved for in (a), determine the equilibrium pric..
The reason that the increase in population growth in the 19th and 20th centuries did not lead to famine as Thomas Malthus predicted was because
Suppose the firm is operation in a high-way country, where capital cost is $100 per unit per day and labor cost is $80 per workers per day. which technology is cheapest for each level of output.
Suppose that Brazil is capital abundant and Chile is natural resource abundant If timber is natural resource intensive and computers are capital intensive, then: (a) Chile will produce more computers after trade begins with Brazil. (b) Brazil will pr..
Compute the straight line and SOYD (sum of year digits) depreciation. Show the annual allowances and the resulting book values using both methods in a tabular format.
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