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? A. control of a key resource B. There were important network externalities in the production of nickel. C. It was a public enterprise; therefore, the Canadian government blocked entry into the market for nickel. D. Economies of scale resulted in the company becoming a natural monopoly.

Question

Viviana Gregory

Business

21 December, 15:24

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? A. control of a key resource B. There were important network externalities in the production of nickel. C. It was a public enterprise; therefore, the Canadian government blocked entry into the market for nickel. D. Economies of scale resulted in the company becoming a natural monopoly.

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Answers (1)

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Eliza Roberson · Answer 1

A. control of a key resource

Explanation:

The International Nickel Company of Canada was founded in the early 1900's and it was the result of the merge of three companies, the Carnegie Steel Company, Canadian Copper Company and Orford Copper Company, this is very important because this three companies were merged into a single one that controlled the whole production of Nickel, so they basically created a monopoly by merging with eachother.