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After the trusts had eliminated the competition they would cut back on production and?
Wiki User
∙ 12y ago
raise prices
Wiki User
∙ 12y ago
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Why would anyone want to enter a profitable industry knowing that profits would eventually be eliminated by competition?
It is not certain that anyone's profits will eventually be eliminated by competition; it is in the nature of competition that you have a chance of winning, as well as a chance of losing. And lots of people enjoy competition.
What did the shermans anti trust act do?
The aim of the Sherman Act of 1890 (Sherman Anti-Trust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.
Industrialists formed trusts to promote competition?
Yes, the industrialists thought that competition would help business' grow, and they wanted to promote business growth in order to further "Industrialize". ~CsmD (high school history lover)
What was about Sherman anti trust act?
The aim of the Sherman Act of 1890 (Sherman Antitrust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.Some powerful corporate directors used trusts to control entire areas of the economy, at the expense of smaller companies that became the victims of their anti-competitive practices.President Theodore Roosevelt (in office 1901-1909) later became known as the Trust-Buster for his actions to prevent monopolies.
What was about the Sherman anti-trust act?
The aim of the Sherman Act of 1890 (Sherman Antitrust Act) was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level.Some powerful corporate directors used trusts to control entire areas of the economy, at the expense of smaller companies that became the victims of their anti-competitive practices.President Theodore Roosevelt (in office 1901-1909) later became known as the Trust-Buster for his actions to prevent monopolies.
What is the fastest US production car before 1990?
I would say it was the 1985 Koenig Competition Evolution, it was based on the Ferrari Tesstarossa
What was the sherman act?
The Sherman Act (1890) authorized the federal government to institute proceedings against trusts in order to dissolve them, but Supreme Court rulings prevented federal authorities from using the act for some years. The aim of the "Antitrust Act" was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level. During his term (1901-1909) President Theodore Roosevelt became known as the "trust-buster" for using the Sherman Act to prevent monopolies and business cartels that served to inhibit free enterprise in the US.
What will society be like if competition was eliminated - four positives and four negatives?
That would be communism. See Mao, Stalin...result 100 mil murdered. Sounds good (in theory) but not so great in practice.
Which population would increase more if insects were eliminated?
There is no evidence that any population would INCREASE if insects were eliminated. However, there is a vast amount of evidence that most ecosystems would be decimated if insects were eliminated.
What was the Sherman Antitrust Act?
The Sherman Act (1890) authorized the federal government to institute proceedings against trusts in order to dissolve them, but Supreme Court rulings prevented federal authorities from using the act for some years. The aim of the "Antitrust Act" was to prevent and to break up large groups of corporations (trusts) that monopolized an area of commerce, and thereby controlled the prices and operations of an industry (such as railroads, steel, or oil). Trusts eliminated the competition that would normally act to keep prices at a free market level. During his term (1901-1909) President Theodore Roosevelt became known as the "trust-buster" for using the Sherman Act to prevent monopolies and business cartels that served to inhibit free enterprise in the US.
How would poverty be eliminated?
I'm sorry to say, but I don't think that poverty will ever be eliminated.
What does monopaly mean?
If there was no monopaly then there would be no competition with no competition then there would be no monopaly
