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What is a like a cartel an illegal grouping of companies that discourages competition?
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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 did trusts like Standard Oil become large?
Eliminating competition.
Which piece of legislation made it illegal for railroad or shipping companies to use rebates as a way to control price?
Hepburn Act
What type of economic function fits the description in 1890 the sherman antitrust act was passed which made it illegal for business firms to combine to prevent competition?
efficiently for a plus... check out astral underworks on youtube....
What do you call an agreement made between differnent companies to charge the same amount for products?
An agreement made between different companies to charge the same amount for products is called **price fixing**. It is a type of anticompetitive practice that is illegal in most jurisdictions. Price fixing can be done either horizontally, between competitors, or vertically, between a manufacturer and its distributors or retailers. Price fixing can have a number of negative consequences for consumers. It can lead to higher prices, less choice, and lower quality products. It can also stifle innovation and reduce economic growth. Here are some examples of price fixing: Two competing grocery stores agreeing to charge the same price for milk A group of car manufacturers agreeing to set a minimum price for their vehicles A book publisher agreeing with its retailers to set a minimum resale price for its books Price fixing can be difficult to detect, but there are a number of red flags that can indicate that it is taking place. These include: Identical prices for competing products A lack of price competition Refusal by suppliers to sell to retailers who discount their products Industry-wide agreements on pricing policies If you suspect that price fixing is taking place, you can report it to the relevant competition authority. Note: It is important to note that price fixing is illegal in most jurisdictions, and companies that engage in it can face serious consequences, including fines and imprisonment.
What is an illegal grouping of companies that discourages competition?
A trust
What is Illegal group of companies that discourages competition?
A trust
Why is imported ivory illegal and what are the consequences?
Ivory comes from tusks of elephants. It is illegal bc it discourages some of the killings of animals for the ivory.
Can companies have illegal policies?
Companies cannot have a policy that is illegal Companies CAN publish illegal policies. They cannot compel employees to obey those policies not punish those who disobey illegal policies.
Are there any illegal golf grips for competition?
Yes.
Why can't illegal drugs be quantified into safe and moderate amounts for use?
It can be shown the easiest by Cannabis. The uses of it can range from recreational use, to fuel, to fiber, to paper, and even medicine. All of the companies in those areas see cannabis as competition, so the easiest way to beat their competition in this case is to spend money by lobbying politicians or advertisements to make the public keep the drug illegal.
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.
Is steroid use illegal in worlds strongest man competition?
No steroids are not illegal but they do drug test for other illegal substances ie. coke, meth...
What power do illegal monopolies use to drive out competition?
Illegal monopolies are those that can be shown to use their power to suppress competition. A monopolist has the power to dominate markets--the ability to set the price by altering supply.
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
What would judges do if the competitors in a karate competition illegal stunts?
The competitor would be disqualified.
How did trusts like Standard Oil become large?
Eliminating competition.
