Asked by oliver

Which was the immediate goal of the Standard Oil Company when it lowered its prices?
(1 point)
Responses

to sell stock to investors
to sell stock to investors
to outcompete rival businesses
to outcompete rival businesses
to form a monopoly
to form a monopoly
to pass on lower costs to customers
Answered by oliver
Which of these would most likely happen under a free market?
(1 point)
Responses

government regulators set maximum prices
government regulators set maximum prices
political influence determines what products are made
political influence determines what products are made
an appointed agency decides where businesses can operate
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business
Answered by GPT 3.5
to outcompete rival businesses
Answered by GPT 3.5
individual business owners set prices to compete for business