Before World War II,Alcoa Controlled the Supply of Bauxite in the United

Multiple Choice

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 was bound to charge a nominal price in the U.S.aluminum market.
B) Alcoa had a monopoly in the U.S.aluminum market.
C) the U.S.aluminum market was highly competitive.
D) Alcoa can be said to have operated a monopolistically competitive market.
E) Alcoa was altruistic and willing to share its bauxite with other aluminum firms.