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What are strong corporations that expand to the extent that they greatly reduce competition called?
monopolies.
Why was roosevelt against monopolies?
Teddy r. felt monopolies were unfair to business competition
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
How did monopolies harm consumers?
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.
Why did powerful capitalists form monopolies and trusts?
The government had to pass the anti trust law to restrict trusts and monopolies to protect the value of the consumer dollars. The Anti trust laws help to promote a free and fair trade marketplace competition.
What Strong corporations that expand to the extent that they greatly reduce competition are called?
monopolies.
What are strong corporations that expand to the extent that they greatly reduce competition called?
monopolies.
People who opposed monopolies argued that monopolies?
Eliminated competition
Why was roosevelt against monopolies?
Teddy r. felt monopolies were unfair to business competition
What did monopolies and trusts reduce during the late 1800s?
Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.
How do monopolies affect competition?
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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 has the author D M Raybould written?
D. M. Raybould has written: 'Comparative law of monopolies' -- subject(s): Antitrust law, Monopolies, Restraint of trade 'Law of monopolies' -- subject(s): Antitrust law, Competition, Monopolies
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
What are good things about a market economy?
invisible hand, competition, no monopolies, etc
How could the monopolies harm the U.S. Economy?
Monopolies would harm the U.S Economy because it would close out the window for competition, and free market.
Describe how antitrust laws encourage competition?
The government can break up monopolies and block potential mergers which may reduce competition.
