Which was the immediate goal of the Standard Oil Company when it lowered its prices?
(1 point)
Responses
to sell stock to investors
to sell stock to investors
to outcompete rival businesses
to outcompete rival businesses
to form a monopoly
to form a monopoly
to pass on lower costs to customers
to outcompete rival businesses
Which of these would most likely happen under a free market?
(1 point)
Responses
government regulators set maximum prices
government regulators set maximum prices
political influence determines what products are made
political influence determines what products are made
an appointed agency decides where businesses can operate
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business