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What was the purpose of OPEC?
To stabilize oil prices,eliminate uneccesary competition among oil nations and be able to bargain for good prices on the world market
Who did trust like standard oil became mostly large with?
Eliminating competition
How did trusts like Standard Oil become large?
Eliminating competition.
How grades eliminate competition?
grades eliminate competition because students become more competitive as they are evaluated through gar5ade
A company that is horizontally integrated has what as its goal?
To eliminate or take over their competition
What muckraker exposed the cutthroat methods used by Standard Oil to eliminate competition?
Ida Tarbell, an investigative journalist and muckraker, exposed the cutthroat methods used by Standard Oil to eliminate competition in her series of articles published in McClure's Magazine in the early 20th century. She played a key role in shaping public opinion and ultimately contributing to the breakup of Standard Oil's monopoly.
What was the purpose of OPEC?
To stabilize oil prices,eliminate uneccesary competition among oil nations and be able to bargain for good prices on the world market
Who did trust like standard oil became mostly large with?
Eliminating competition
How did trusts like Standard Oil become large?
Eliminating competition.
How grades eliminate competition?
grades eliminate competition because students become more competitive as they are evaluated through gar5ade
How did business leaders in the late 1800s tried to eliminate competition?
Ways to eliminate the competition in the late 1800s was jerking off.
What did the business owners in the late 19th century attempt to establish trusts?
Eliminate competition
What term refers to independent firms that agree to eliminate price competition among themselves?
Price fixing is when companies conspire to eliminate price competition among themselves.
Did the standard oil company meet its responsibility to society?
Standard Oil Company, owned by John D. Rockefeller, was criticized for its monopolistic practices and anti-competitive behavior. While it provided affordable oil products to consumers, its practices resulted in the stifling of competition and the exploitation of workers. Overall, many believe that Standard Oil did not meet its full responsibility to society.
A company that is horizontally integrated has what as its goal?
To eliminate or take over their competition
What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil?
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
What company did muckrakers Ida Tarbell write about?
standard oil
