Monopolies

Another term for monopoly during the period 1865-1900 was

• Big Business
• Trust
• Giant of Industry
• Forbes 500

The biggest oil company in the US during the period 1865-1900 was created by 

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The man who founded the first billion dollar corporation in the US in 1901 by purchasing the biggest steel company in the country was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

The game console industry is an example of which market structure?

• Monopoly

• Pure Competition

• Oligopoly

• Monopolistic competition

How does the government break up and prevent monopolies?

• Increased Taxes

• Antitrust legislation and regulation

• Deregulation

• Laissez-faire

Public Water is and example of......

• Oligarch Monopoly

• Geographic Monopoly

• Natural Monopoly

• Technological Monopoly

a market in which a single seller dominates

• monopoly

• natural monopoly

• license

• market power

a market that runs most efficiently when one large firm provides all of the output

• natural monopoly

• patent

• license

• price discrimination

a government license that gives the inventor of a new product the exclusive right to produce and sell it

• patent

• license

• market power

• economies of scale