0
What are the advantages and disadvantages of monopolistic trusts such as the Standard Oil Trust for consumers?
Wiki User
∙ 9y ago
One advantage of a monopolistic trust are that prices can remain low. Disadvantages of monopolistic trusts is that it eliminates competition and can result in an unequal distribution of wealth.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Who were 2 famous muckrakers and what did they want exposed?
Two famous muckrakers were Upton Sinclair and Ida Tarbell. Upton Sinclair wanted to expose the harsh conditions and exploitation of workers in the meatpacking industry, which he did in his novel "The Jungle." Ida Tarbell aimed to expose the monopolistic practices of the Standard Oil Company, which she did in her book "The History of the Standard Oil Company."
What was the shereman anti trust act?
Laws to restrict monoplies and monopolistic practices (such as agreements between companies to set prices jointly). Enforced famously against standard oil, spliting it into many companies. Recently enforced against microsoft, fining them a small percentage of their daily profits.
What are the advantages of using mercenaries in war?
these are trained soldiers who are already trained and who can afford equpment that may be better quality than the standard military stuff.
What is a sentence for the standard of living?
The standard of living can happen in Mexico City.
What is the royal standard flag of England?
The Royal Standard is the monarch's personal flag.
What are the advantages and disadvantage of science and technology?
Advantages: Higher standard of living. Disadvantages: Unbalancing of natural order.
What is advantages of osi?
Answering "What are the advantages and disadvantages of OSI model?"
What are the advantages and disadvantages of the calibration method and the method of standard additions?
23 times 45
Advantages and disadvantages of standard mail?
The major advantages of using standard mail is the low cost of postage and increase in postage rates along with increase in weight. On the downside, the disadvantages include slow delivery, weight restriction and flexibility in returning mail.
What are the advantages and disadvantages of standard English?
Advantages of standard English include clear communication and acceptance in formal settings. Disadvantages may include reinforcing linguistic biases and exclusion of diverse language varieties.
What are the advantage and disadvantage of science and technology?
Advantages: Higher standard of living. Disadvantages: Unbalancing of natural order.
What are the advantages and disadvantages of social work with children and families?
The advantages of social work with children and families is the fact that they will make sure the people are cared for. The disadvantages would be the lack of privacy, and going by someone else standard for raising children.
Advantages and disadvantages of selective breeding in English Bulldogs?
The advantages of selective breeding include producing a dog that meets the standard of the breed. Disadvantages include producing dogs with very short faces, squat legs, and large bodies.
What is the disadvantages of standard costing?
What ARE the disadvantages of standard costing?
Did the standard oil company meet its responsibility to society?
Standard Oil Company, owned by John D. Rockefeller, was criticized for its monopolistic practices and anti-competitive behavior. While it provided affordable oil products to consumers, its practices resulted in the stifling of competition and the exploitation of workers. Overall, many believe that Standard Oil did not meet its full responsibility to society.
What are the advantages and disadvantagesof science and technology?
Advantages of science are that it has made the way and standard of living better. We cannot make-out any disadvantages of science unless it is brought into any carelessness or mishandling by mankind (humans)
What are the advantages and disadvantages of business ethics?
There are both advantages and disadvantages to business ethics, but mostly are advantages. The advanatages are the company will have an increase in reputation, more employees will enroll in the company, employees feel more motivated to work, customers have more trust in it. However, some companies will have difficulties to keep us with that standard - maybe it will be expensive to be an ethical business.
