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The law which made it a crime for companies to combine together into a monopoly to prevent competition was called the?
Wiki User
∙ 11y ago
the sherman trust act
Wiki User
∙ 11y ago
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What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
How do companies combine their methodologies?
not sure how they combine, but they combine. as stated in case study project management
Is it correct to say that you can combine something together with?
No, it is not correct to say "combine something together with" because the word "combine" already implies bringing things together. You should use "combine something with" instead.
How do elements combine together?
Two elements combine together by sharing electrons to form a bond.
When two companies combine to form a single company is called what?
When two companies combine to form a single company, it is called an amalgamation or merger.
Combine what does it mean?
When you combine two things you are adding them together.
What is the device by which several corporations combine to eliminate competition and regulate prices?
A trust.
When businesses combine to create a trust their goal is to?
reduce competition and regulate prices.
What is formed when you combine atoms together?
atoms combine to give molecules
Which words mean the same as Combine?
Combine means to put together.
What are the different versions of monopoly?
Perfect Monopoly: It is also called as absolute monopoly. In this case, there is only a single seller of product having no close substitute; not even remote one. There is absolutely zero level of competition. Such monopoly is practically very rare.Imperfect Monopoly: It is also called as relative monopoly or simple or limited monopoly. It refers to a single seller market having no close substitute. It means in this market, a product may have a remote substitute. So, there is fear of competition to some extent e.g. Mobile (Cellphone) telcom industry (e.g. vodaphone) is having competition from fixed landline phone service industry (e.g. BSNL in India).Private Monopoly: When production is owned, controlled and managed by the individual, or private body or private organization, it is called private monopoly. e.g. Tata, Reliance, Bajaj, etc. groups in India. Such type of monopoly is profit oriented.Public Monopoly: When production is owned, controlled and managed by government, it is called public monopoly. It is welfare and service oriented. So, it is also called as 'Welfare Monopoly' e.g. Railways, Defence, etc.Simple Monopoly: Simple monopoly firm charges a uniform price or single price to all the customers. He operates in a single market.Discriminating Monopoly: Such a monopoly firm charges different price to different customers for the same product. It prevails in more than one market.Legal Monopoly: When monopoly exists on account of trade marks, patents, copy rights, statutory regulation of government etc., it is called legal monopoly. Music industry is an example of legal monopoly.Natural Monopoly: It emerges as a result of natural advantages like good location, abundant mineral resources, etc. e.g. Gulf countries are having monopoly in crude oil exploration activities because of plenty of natural oil resources.Technological Monopoly: It emerges as a result of economies of large scale production, use of capital goods, new production methods, etc. E.g. engineering goods industry, automobile industry, software industry, etc.Joint Monopoly: A number of business firms acquire monopoly position through amalgamation, cartels, syndicates, etc, it becomes joint monopoly. e.g. Actually, pizza making firm and burger making firm are competitors of each other in fast food industry. But when they combine their business, that leads to reduction in competition. So they can enjoy monopoly power in market.
What is a merger in business finance?
A merger combines two companies or corporations into a single structure. Often a smaller company will become a subsidiary of a larger company, or two large companies (e.g. Chrysler and Daimler-Benz from 1998 to 2007) will combine to gain some advantage in finance or competition.
