answersLogoWhite

0

why did some people fear monoplies while others supported them

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

Which of the following is a negative features of a free market system?

It's unequal; some people do well while others do not.


What effect antitrust laws have on the consumer and the producer when these laws break up a monopoly?

Anti trust laws keep the consumer safe from unfair business practices such as price setting and monopolies. It keeps the produce honest and providing good business while these laws cannot always break up monopolies they can if proved in court.


How do perfectly competitive markets differ from monopolies in terms of market structure and competition?

Perfectly competitive markets are characterized by many small firms selling identical products, with no single firm having control over the market price. In contrast, monopolies are characterized by a single firm dominating the market and having significant control over the price and quantity of goods or services. In terms of competition, perfectly competitive markets have a high level of competition among firms, leading to lower prices and greater efficiency, while monopolies have little to no competition, which can result in higher prices and reduced consumer choice.


What is one of the negative features of a free economy?

No one is really in charge, so it's insecure and uncertain.


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.

Related Questions

How did people respond to Joseph Stalin leadership?

It was very mixed. Some listened and supported him, while others hated him and listened only because of his cruel tactics.


Theodore roosevelt supported powerful corporations that?

He supported powerful corporations that did business fairly.


What is a negative feature of a free market system?

It's unequal; some people do well while others do not


Why do some people have to log in every time they start Skype while others don't?

Some people have their passwords and usernames saved, while others don't.


How did the ruling philosophies of Joseph Stalin and Benito?

Stalin supported the philosophy of communism, while Mussolini supported the philosophy of fascism.


Why do some people have Celiac disease and others don't?

Some people are allergic to gluten while others are not. Gluten makes people allergic to it sick with celiac.


Is it possible to do 20 pushups in 10 seconds?

For some people, it is, while for others, it is not.


How can you use deportation in a sentence?

Some people fear deportation, while others do not.


Can selfless people hate themselves while they love or think of others?

yes


Why do some people fart more then others?

Because people's digestive systems work differently. Additionally, some people might be sensitive to certain foods - while others aren't.


Why do other people like to work with teams while others do not?

People have different preferences. Some people are good at independant work and others are better working with a group. It all depends on people's personalities.


Why was there a dispute between people who supported republicanism like George Washington and people who supported democratic beliefs like Benjamin Franklin?

The goal of Republicanism was to create a rich and powerful country while democratic supporters were focused on a small localized government that emphasized equality.