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How did monopolies end?
the government usually steps in and orders them to break up, like the telephone company way back when.
Are there any laws against monopolies?
Yes, the Sherman anti-trust act of 1890 prohibited monopolies. This was a reaction to a contemporary controversy about the Standard Oil Company of Ohio maneuvering around state laws in order to form its own trust. This act put an end to companies being able to maneuver around laws like that. While other laws prohibited the means of achieving a monopoly, this act prohibited having a monopoly.
When did the gold standard for currency end?
The US stopped using the gold standard in 1973.
What are three possible disadvantages of privatization of the industries such as electricity and gas supplies?
They will be operated with a profit motive as opposed to a public service motive; jobs may be lost as cost cuts are looked for to increase profits; loss making services maybe closed down; they may end up as monopolies, keeping prices high.
What were the main criticisms of import substitution ISI as practiced in Latin America?
If it is used indiscriminately regardless of industry and time, it will generate inefficient monopolies that will result in higher costs for the end consumer. For example, Mexico used this industrialization strategy between 1940 and 1970, successfully achieving the Mexican Miracle. However, it continued this trend well into the 1980's, allowing inefficient monopolies such as Pemex (oil), Telmex (phone land lines) and Luz y Fuerza (electricity) to flourish. At the beginning of the 1990's high inefficiency and low flexibility meant Mexico's companies were not able to compete within an increasingly global world, putting a severe blow on Mexico's growth.
How did monopolies end?
the government usually steps in and orders them to break up, like the telephone company way back when.
Which was the first legislative act that was created to end monopolies and regulate businesses?
Sherman - anti trust act
Are there any laws against monopolies?
Yes, the Sherman anti-trust act of 1890 prohibited monopolies. This was a reaction to a contemporary controversy about the Standard Oil Company of Ohio maneuvering around state laws in order to form its own trust. This act put an end to companies being able to maneuver around laws like that. While other laws prohibited the means of achieving a monopoly, this act prohibited having a monopoly.
When did Standard - magazine - end?
Standard - magazine - ended in 2009.
When did Standard Brands end?
Standard Brands ended in 1982.
When did Standard Oil end?
Standard Oil ended in 1911.
When did The Northern Standard end?
The Northern Standard ended in 1955.
When did The Industry Standard end?
The Industry Standard ended in 2001.
What do you like about nursing?
Working with people, the communication, stories and all around when you go home at the end of your shift(s) you feel like you helped someone.
Why do Indonesian schools start early and end early?
The school schedule was designed that way because they had to get home and help their family like girls helped in kitchen whereas boys helped in other works so they start early and end early.
End standard are easy for alignment with axis of measurements true or false?
Tes, the end standard is easy for alignment with the axis of measurements.
When did Dublin Evening Standard end?
Dublin Evening Standard ended in 1870.
