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Related Questions
How did government try to control big businesses?
the sherman antitrust act (1890) was supposed to stop businesses from using trust to destroy competition.
Are businesses hurt by competition?
no
Can competition be prevented?
No, competition can not be prevented. Competition is a part of life that helps to keep businesses going strong.
How consumers benefit from competition among businesses?
competition leads to lower prices
What eliminates competition among businesses?
Monopoly
What is it called when businesses seek to attract consumers dollars away from rival businesses?
competition
Encourages businesses to be efficient in their use of resources?
Competition
Which of these encoirages businesses to be efficient in their use of resources?
Competition
What is the contest between businesses to win customers called?
Competition.
The contest between businesses to win customers is called?
Competition.
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.
What happens when two businesses sell the same product?
They are said to be in competition.
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