railroads, rubber, processed foods, boats, textile, steel, coal, dupont. Gustavos swift, armour, sleeping car, electricity, indoor plumbing
Monopoly : has one supplier of a product. The seller here has market power and can control both price and quantity
Collision: when competing firms make a secret agreement to try to control a market. Collusion (practiced by cartels) is illegal in the United States. It reduces the level of competition in a market. Is more difficult in markets with large numbers of buyers and sellers.
Monopolies and collusion among sellers:
eliminate competitionIn industries with less competition, prices are likely to be higher
Answer:
Total Impact of Imposed and Announced Tariffs
If all tariffs announced thus far were fully imposed by the United States and foreign jurisdictions, U.S. GDP would fall by 0.51 percent ($127.21 billion) in the long run. Wages would fall by 0.35 percent and employment would fall by 394,300.
Answer:
C. It establishes legal precedents that are almost always followed by
lower courts.
Explanation:
Judges frequently take assistance from previous decisions and rely on past interpretations of legal issues. These instances or cases that can be used as an example of law are regarded as precedents for future proceedings. The United States is using the common law system in its state and lower courts The concept of common law is the obligation that courts, within the same jurisdiction, pursue the judgment of higher-level courts. Perhaps a consistent body of law has appeared from this legacy of stare decisions.
