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Answers (4)
Which was the most important effect of the Bessemer process? Incorrect answer A. It allowed the production of more steel. Incorrect answer B. It produced better steel. Correct answer C. It made steel cheaper. Incorrect answer D. It allowed factory
Which was the immediate goal of the Standard Oil Company when it lowered its prices? Incorrect answer A. to sell stock to investors Correct answer B. to outcompete rival businesses Incorrect answer C. to form a monopoly Incorrect answer D. to pass on lower
Which was one way businesspeople tried to eliminate competition? Correct answer A. They formed monopolies or trusts. Incorrect answer B. They decreased the price of their products. Incorrect answer C. They developed overseas markets. Incorrect answer D.
Which of these would most likely happen under a free market? Incorrect answer A. government regulators set maximum prices Incorrect answer B. political influence determines what products are made Incorrect answer C. an appointed agency decides where