Which was the most important effect of the Bessemer process?
(1 point)
O It allowed the production of more steel.
O It produced better steel.
O It made steel cheaper.
O It allowed factory production of steel.
O to outcompete rival businesses
individual business owners set prices to compete for business
O They formed monopolies or trusts.
Which was the immediate goal of the Standard Oil Company when it lowered its prices?
(1 point)
O to sell stock to investors
O to outcompete rival businesses
O to form a monopoly
O to pass on lower costs to customers
Which of these would most likely happen under a free market?
(1 point)
O government regulators set maximum prices political influence determines what products are made
O an appointed agency decides where businesses can operate
O individual business owners set prices to compete for business
Which was one way businesspeople tried to eliminate competition?
(1 point)
O They formed monopolies or trusts.
O They decreased the price of their products.
O They developed overseas markets.
O They paid higher wages to their workers.