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Sophie [7]
3 years ago
5

1. Which was the immediate goal of the standard Oil Company when it lowered its prices?

Social Studies
2 answers:
Leviafan [203]3 years ago
6 0
Yes Those Are Correct
S_A_V [24]3 years ago
5 0

The correct answer to number 1 is to outcompete rival businesses.

By lowering prices, Standard Oil Company ensured that citizens and other companies bought their product. This resulted in decreased competition, as other businesses could not compete with their low prices.

The correct answer to number 2 is D) Individual business owners set prices to compete for businesses.

A free market economy is one in which there is little government interference in terms of setting prices. Rather, the "invisble hand" (aka competition) between businesses helps to determine what the actual price will be for the consumers.

The correct answer to number 3 is A)They formed monopolies or trusts.

Monopolies and trusts are when an individual or multiple companies work together to corner a specific market. This results in a drastic decrease of competition, allowing for the monopoly or trust to set whatever price they want for a good or service.

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In the past, the army could only rely on human labors to collect such information. But in recent years, the development of small high quality cameras and drone technology revolutionized the way army could collect their information.

Enemies could place a small observer and camouflage it without we even realizing it and it could leak the entire operation. Making them become well prepared to counter it.

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The gravity model suggested that eventually costumers will drawn to specific location to seek their products/service that they deemed as an optimal location.

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The State and local regulatory authorities regulatory authorities have many responsibilities in relation to food safety. They include;

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Conclusively, the Health and Human Services website has all the requirements needed for food safety so as to protect all Americans and provide important human services

Learn more from

brainly.com/question/24919630

5 0
2 years ago
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vekshin1

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