0
How did a group of companies organized together to reduce or prevent competition?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which law helped prevent companies from lowering prices in order to drive out competition?
Sherman Antitrust Act. If you want to confirm, check wikipedia
Why should governments regulate competition in a country?
Study Island: to ensure a wide variety of products for consumeralso study island: to keep prices of goods and services low
How successful was the Sherman Anti-Trust Act in accomplishing its goals?
The Sherman Antitrust act was set up to attempt to prevent monopolies from occurring. Of course, companies have still worked around this.
What was the purpose of Sherman's antitrust act?
to prevent companies from restraining trade -to place a ban on monopolies in the U.S. (A+)
In 1890, the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition?
Yes efficiency function. The Sherman Act meant that agreements "in restraint of trade" were illegal.
The law which made it a crime for companies to combine together into a monopoly to prevent competition was called the?
the sherman trust act
Federal regulatory agency often used by rail companies to stabilize the industry and prevent ruinous competition?
Federal Comerce Commission
What is the intent of antitrust laws?
Antitrust laws are intended to prevent companies from cooperating to prevent competition. The typical way companies do this is by making agreements to fix prices -- that is, they will all charge the same price avoiding price competition between them. They may also agree to collectively lower prices in unison to drive competitors, who are not in the group, out of business.
Which law helped prevent companies from lowering prices in order to drive out competition?
Sherman Antitrust Act. If you want to confirm, check wikipedia
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
Federal agency originally intended to regulate railroads that was often used by rail companies to stabilize the industry and prevent ruinous competition?
I'm pretty sure it's the interstate commerce commission "ICC"
What was the goal of the Sherman Anti Trust act?
to prevent monopolies by big corporations or trusts
This act was enacted in July of 1890 and made combining of businesses to prevent competition illegal?
The Sherman Antitrust Act was enacted in July 1890 and made combining of businesses to prevent competition illegal.
How were high tariffs supposed to help farmers?
By stopping competition from farmers abroad --APEX
What was put into place to prevent unfair methods of competition?
The Federal Trade Commission.
Can you have Indutrial automation companies in Hyderabad?
yes, we can prevent
In an ecosystem predators disease and competition help prevent what?
helping from keeping the world from over-populating
