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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?
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∙ 12y 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.
What is free enter price?
An economic system in which private business operates in competition and largely free of state control.
What is the goal of economic competition?
The goal of economic competition is better goods at lower prices for everyone.
Disadvantages of free trade?
increases competition increase unemployment economic restructuring increases competition increase unemployment economic restructuring
What economic system allows competition?
The Free Market system is designed for competition.
What has the author Oliver Budzinski written?
Oliver Budzinski has written: 'The governance of global competition' -- subject(s): Antitrust law, Competition, International, Economic aspects, Economic aspects of Antitrust law, International Competition, International economic relations
What has the author George Cyriax written?
George Cyriax has written: 'Monopoly and competition' -- subject(s): Antitrust law, Competition, Economic policy, Monopolies, Restraint of trade 'Monopoly and competition' -- subject(s): Restraint of trade, Antitrust law
What has the author Dennis Swann written?
Dennis Swann has written: 'Competition and consumer protection' -- subject(s): Antitrust law, Consumer protection, Law and legislation 'The Single European Market and Beyond' 'Competition and industrial policy in the European Community' -- subject(s): Competition, European Coal and Steel Community, European Economic Community, Government policy, Industrial policy 'The Economics of the Common Market' 'Antitrust policy in Europe' -- subject(s): Antitrust law 'Antitrust policy in Europe' -- subject(s): Antitrust law
How has CNN contributed most to Georgia's economic growth?
CNN has increased business and competition in Georgia.
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 has the author William F Shughart written?
William F. Shughart has written: 'Antitrust policy and interest-group politics' -- subject(s): Antitrust law, Economic aspects, Economic aspects of Antitrust law
What has the author Herbert Hovenkamp written?
Herbert Hovenkamp has written: 'Enterprise and American law 1836-1937' 'Federal antitrust policy' -- subject(s): Antitrust law, Economic aspects, Economic aspects of Antitrust law
What has the author Paddy McNutt written?
Paddy McNutt has written: 'Political economy of law' -- subject(s): Law and economics 'Law, economics, and antitrust' -- subject(s): Antitrust law, Economic aspects, Economic aspects of Antitrust law, Law and economics
What has the author Ross C Singleton written?
Ross C. Singleton has written: 'Industrial organization and antitrust' -- subject(s): Antitrust law, Economic aspects of Antitrust law, Industrial organization
What has the author Henry Adler Einhorn written?
Henry Adler Einhorn has written: 'Economic aspects of antitrust' -- subject(s): Antitrust law
What is free enter price?
An economic system in which private business operates in competition and largely free of state control.
What did the first substantial effort by congress to regulate the affairs of business result in?
The first substantial effort by Congress to regulate the affairs of business resulted in the passing of the Sherman Antitrust Act in 1890. This act aimed to prevent the formation of monopolies and restrain trade practices that were deemed anti-competitive. It marked the government's attempt to promote fair competition and prevent the concentration of economic power.
