Going Places (1948) part 3 - Bad business deal goes wrong, profits fall.

Going Places (1948) part 3 - Bad business deal goes wrong, profits fall.

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

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Fudsy and Sam Sudso control 70% of the soap market and decide to fix prices to increase profits. However, a competitor offers a cheaper alternative, leading to losses for Fudsy and Sam. This scenario illustrates how competition usually benefits consumers, and when it fails, government intervention prevents monopolistic practices.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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