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Citrus2011 [14]
3 years ago
9

The Standard Oil company was found in violation of antitrust law in 1911 and forced to break into 34 separate companies. Define

antitrust law and describe how it protects competition.
History
2 answers:
nadezda [96]3 years ago
6 0
The law by which we can't trust on the Oil companies & need one time check-up/ Test
Mashutka [201]3 years ago
5 0
A<span>ntitrust laws("competition laws") They are statutes developed by the U.S. Government to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.

Antitrust laws are applied to a wide range of questionable </span>business activities, including but not limited to:
<span>
A) Market Allocation 
B) Bid rixing
C) Price Fixing

Hope this helps!


</span>
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Mercantilism was an economic theory and practice used by Europeans in the seventeenth and eighteenth centuries to increase the w
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The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Mercantilism was an economic theory and practice used by Europeans in the seventeenth and eighteenth centuries to increase the wealth of a nation or empire. This was done by acquiring gold and silver and maintaining a favorable balance of trade, in which a country exported more than it imported. Mercantilism encouraged European countries to colonize both the Americas and Africa under the promise of wealth and richness due to the many raw materials and natural resources that existed in the Americas and Africa.

European countries wanted to expand their wealth by exporting raw materials from colonies. Mercantilism motivated the Spanish crown, the British monarchy, and the French monarchy, among other nations, to found colonies to acquire resources and create markets for their goods.

Under the theory of mercantilism, colonies were allowed to trade only with the home country.

Mercantilism was the economic system that many European countries used in the 16th, 17th, and 18th centuries. It is based on the accumulation of wealth by exporting goods and limit imports with the use of taxes.

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Not picking one's nose in public, not wearing a bathing suit to a formal wedding and not staring at someone who is in an elevato
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c. Informal norms

Explanation:

The standards mentioned in the question above are very common in our society and you have certainly heard and spoken them to some people during your life. Although these are rules that must not be disobeyed, they were not written in a legal document that compels them to be obeyed. These types of rules are called informal rules, which are normal produced by customs among citizens, but do not represent any type of civil or penal code.

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