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A company that is horizontally integrated has what as its goal?
To eliminate or take over their competition
What is one effect of the profit motive?
It pushes companies to seek to eliminate competition.
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
Why is fair competition important in the private enterprise system?
Fair competition allows firms to compete in the marketplace, knowing that they won't be subjected to excessively aggressive practices that are designed to eliminate them.
Why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
How did business leaders in the late 1800s tried to eliminate competition?
Ways to eliminate the competition in the late 1800s was jerking off.
What did the business owners in the late 19th century attempt to establish trusts?
Eliminate competition
What term refers to independent firms that agree to eliminate price competition among themselves?
Price fixing is when companies conspire to eliminate price competition among themselves.
A company that is horizontally integrated has what as its goal?
To eliminate or take over their competition
What is the device by which several corporations combine to eliminate competition and regulate prices?
A trust.
What is one effect of the profit motive?
It pushes companies to seek to eliminate competition.
What did Suleyman the Lawgiver and Akbar have in common?
Both killed their sons to eliminate competition
How do trusts eliminate the competition?
Trusts cut prices to drive competitors out of business.
What was one way business leaders tried to eliminate their competition?
george washington
What methods did ruthless business operatorues ues to eliminate their competition?
Ruthless business people would lower their prices to put their competition out of business. Once their competition was gone, they would raise their prices.
Can rabbits and gerbils live in same cage?
yes but put up a divider to eliminate competition
What does predatory pricing involve?
A large company charging below its production cost in order to eliminate competition
