monoply is a game.
Congress established the FTC (Federal Trade Commission) in 1914.
Congress established the FTC (Federal Trade Commission) in 1914.
Southerners thought congress should protect their borders.
The Sherman Anti-Trust Act forbids non competitive behavior. It requires the United State government to investigate and try trusts. The law was passed to specifically prevent monopolies and cartels forming. Although it was originally said to protect consumers, critics say it was actually put in place to help competitors.
Consumers.
Congress established the FTC (Federal Trade Commission) in 1914.
Congress established the FTC (Federal Trade Commission) in 1914.
Monopolies are regulated to protect consumers. An unregulated monopoly can charge prices higher than the efficient level of production which causes some consumers to be left out of the market. Governments can combat this by breaking up monopolies with antitrust laws and turning monopolies into public entities.
The Federal Trade Commission was established to protect consumers from unscrupulous trade practices.
They created the Federal Trade Commision
Monopolies can make excessive profits by over-charging consumers.
Monopolies can make excessive profits by over-charging consumers.
They wanted consumers to have choices.
Monopolies harmed consumers in the sense that they had complete control over a certain market. They can increase prices as they wish and since there is no competition, consumers are forced to pay these high costs. Monopolies also harm consumers because the lack of competition leads to the lack of innovation which therefore causes no improvement in products. Lastly, products can be made of low quality but since there is no competition people will be forced to buy them.
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies
Under Teddy Roosevelt, Roosevelt and Congress became known as trust-busters and broke up monopolies