answersLogoWhite

0

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.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about General History

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.


Why did people support Augustus Heinze over Standard Oil?

People supported Augustus Heinze over Standard Oil primarily due to his portrayal as a champion of the little guy and a competitor against monopolistic practices. Heinze's independent copper mining operations in Montana offered an alternative to the dominance of Standard Oil, which many viewed as an oppressive monopoly. His efforts to challenge the established order resonated with those who believed in fair competition and economic opportunity. Additionally, his local investments and community engagement helped him garner grassroots support against the corporate giant.


What is the term for writers who challenged the wrongs of the Gilded Age?

Writers who challenged the wrongs of the Gilded Age are often referred to as "muckrakers." This term describes journalists and authors who exposed corruption, social injustices, and the excesses of industrialization and capitalism during the late 19th and early 20th centuries. Notable muckrakers include Upton Sinclair, whose novel "The Jungle" highlighted the appalling conditions in the meatpacking industry, and Ida Tarbell, who investigated the monopolistic practices of Standard Oil. Their work played a significant role in prompting reform and social change.

Related Questions

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?

It shows that your well educated and you are able to communicate with others


What are the advantage and disadvantage of science and technology?

Advantages: Higher standard of living. Disadvantages: Unbalancing of natural order.


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 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.


What is the disadvantages of standard costing?

What ARE the disadvantages of standard costing?


What are some advantages and disadvantages of the standard pitot static airspeed measuring system?

Advantages of the standard pitot static airspeed measuring system include accuracy, reliability, and simplicity. Disadvantages may include susceptibility to icing and blockages, potential for instrument errors, and limited operational range at extreme altitude or speed.


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.