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Author Question: The International Nickel Company of Canada is often cited as an example of monopoly. What was the ... (Read 9 times)

BrownTown3

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The International Nickel Company of Canada is often cited as an example of monopoly. What was the source of the barrier to entry that gave this firm monopoly power?


There were important network externalities in the production of nickel.


Economies of scale resulted in the company becoming a natural monopoly.


It was a public enterprise; therefore, the Canadian government blocked entry into the market for nickel.


control of a key resource



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Marked as best answer by BrownTown3 on Oct 8, 2019

macagn

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