As a result of a conviction under the Sherman Antitrust Act, Standard Oil of New Jersey
A) was fined for its extensive price discriminating activity.
B) was restrained from oil exploration for twenty-five years, which enabled other oil firms to assume leadership in the industry.
C) was broken up into many smaller companies.
D) went bankrupt and no longer is in existence.
Answer: C
Economics
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A) become smaller. B) increase. C) change in accordance to the increase in market power of cable TV providers. D) be unchanged.
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Technology can enable producers to economize on:
a. labor b. capital c. land d. any of the above.
Economics