Standard Oil was broken into smaller businesses by the courts because
A. its owner agreed with the judge to lower prices.
B. its products were harmful.
C. it was too profitable.
D. it dominated every aspect of the oil and gasoline business.
Answer: D
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The discount rate utilized in public sector budgeting performs the functions of:
a. allocating funds between the public and private sectors b. allocating funds between present consumption and investment (i.e., future consumption) c. allocating funds between debt and equity securities d. a and b only e. none of the above
Equilibrium in the Keynesian model is
a. quite stable, unless the government does something to throw it off balance. b. stable as long as planned injections are equal to planned leakages. c. not affected much by taxes or government spending. d. not a significant concept in Keynesian analysis.