Economics Assignment Market Structures

think about standard oil's business practices in 3 to 4 sentences explain why there was such a strong negative feeling towards the standard oil monopoly use details from the lesson and reading

Standard oil was taken advantage of the incentives that were being given to growing businesses at the time. The company was awesome and share in that competition cannot continue by loving prices so much that other producers could not continue to make a profit. With little competition remaining in the market, consumers would be forced to pay the price is set for standard oil.

Which best summarizes Ida Tarbell's assessment of standard oil

The company was ruthless in its drive to eliminate competition

According to this passage, what was Roosevelts real reason for breaking up standard oil

he feared the control of standard oil had in the market

according to this article which of the following characteristics for standard oil check all that apply

it practiced ruthless business techniques, it dominated the oil market, and it controls the transportation of oil

Think about what happened to standard oil. Write a paragraph in which explain whether or not you agree with the actions taken by the government to interfere with the growth of standard Think about what happened to standard oil. Write a paragraph in which explain whether or not you agree with the actions taken by the government to interfere with the growth of standard oil as a monopoly. Use details from the lesson and reading.

the United States government was correct in interfering with the growth of standard oil. Not only was the company taken advantage of existing situations, but eventually it would have controlled the oil market entirely