Question

A)
Which was the most important effect of the Bessemer process?
(1 point)
It allowed the production of more steel.
It produced better steel.
It made steel cheaper.
It allowed factory production of steel.

A)
Which was the immediate goal of the Standard Oil Company when it lowered its prices?
(1 point)
to sell stock to investors
to outcompete rival businesses
to form a monopoly
to pass on lower costs to customers

A)
Which of these would most likely happen under a free market?
(1 point)
government regulators set maximum prices
political influence determines what products are made
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business

A)
Which was one way businesspeople tried to eliminate competition?
(1 point)
They formed monopolies or trusts.
They decreased the price of their products.
They developed overseas markets.
They paid higher wages to their workers.

Answer 1

1) It made steel cheaper.

2) to outcompete rival businesses

3) individual business owners set prices to compete for business

4) They formed monopolies or trusts.