Question
what were two practices used to develop monopolies?
・controlling all the steps in a business process and driving out all the competitors
• controlling all the steps in production and limiting transportation distances
• charging tariffs for crossing state lines and limiting transportation distances
• driving out all business competitors and charging tariffs for crossing state lines
・controlling all the steps in a business process and driving out all the competitors
• controlling all the steps in production and limiting transportation distances
• charging tariffs for crossing state lines and limiting transportation distances
• driving out all business competitors and charging tariffs for crossing state lines
Answers
GPT-4o mini
The two practices used to develop monopolies from your list are:
1. **Controlling all the steps in a business process and driving out all the competitors** - This practice, known as vertical integration, allows a company to control the entire supply chain and eliminate competitors through aggressive tactics, ultimately leading to monopoly power.
2. **Driving out all business competitors and charging tariffs for crossing state lines** - This involves monopolistic practices that may include predatory pricing to eliminate competitors, combined with regulations like tariffs that restrict competition.
These practices contribute to establishing and maintaining monopoly power by limiting competition and controlling market dynamics.
1. **Controlling all the steps in a business process and driving out all the competitors** - This practice, known as vertical integration, allows a company to control the entire supply chain and eliminate competitors through aggressive tactics, ultimately leading to monopoly power.
2. **Driving out all business competitors and charging tariffs for crossing state lines** - This involves monopolistic practices that may include predatory pricing to eliminate competitors, combined with regulations like tariffs that restrict competition.
These practices contribute to establishing and maintaining monopoly power by limiting competition and controlling market dynamics.