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It gives them something to do when they're bored.

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12y ago

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How did monopoly help businesses such as the carnegie company and tycoons like andrew carnegie?

They owned all of the same industries


What eliminates competition among businesses?

Monopoly


How government can control normal monopoly?

A government can restrain monopoly power by imposing restrictions such as price-capping, making sure that competing businesses are supported and encouraging new businesses.


Give you give me an example of a monopoly?

Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.


What business strategy involves of owning many businesses in the same field?

Monopoly.


When is the US federal government allowed to break up businesses?

If the business has no competition and becomes a monopoly.


What do monopolies naturally stifle?

Competition - a monopoly stops other businesses competing for the same customer base.


How did new inventions help businesses?

It help businesses have things to become a new and better business.


What is something you can buy in Monopoly that can help you gain an advantage over your opponents?

In Monopoly, you can buy properties to gain an advantage over your opponents.


How did Sherman Antitrust Act harm businesses such as standard oil and tycoons like John D Rockefeller?

Section 2 of the Act forbade monopoly. In Section 2 cases, the court has, again on its own initiative, drawn a distinction between coercive and innocent monopoly. The act is not meant to punish businesses that come to dominate their market passively.


How did the Slaughter-House cases help American businesses?

Demonstrated the rights of businesses


Business controls all other companies of the same type?

A monopoly may impact an industry significantly, but there isn't other businesses within an industry when a true monopoly exists. A market leader is a business that may affect the prices within an industry.