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Gilded/Progressive Test - Combinations
Test Description: Combinations and Monopolization
Instructions: Answer all questions to get your test result.
1) Standard Oil creates a trust and runs oil refining companies
A
Horizontal Integration
B
Vertical Integration
2) Standard Oil builds oil pipelines to ship crude oil.
A
Vertical Integration
B
Horizontal Integration
3) Comcast tries to buy Time Warner
A
Vertical Integration
B
Horizontal Integration
4) This act made monopolies illegal
A
Sherman Anti-Trust Act
B
Richardson Anti-Trust Act
C
Wagner Anti-Trust Act
D
Thomas Anti-Trust Act
5) Vanderbilt buys controlling interest in NY railroads.
A
Horizontal Integration
B
Vertical Integration
6) ATandT sells on the East Coast and Verizon sells only on the West Coast
A
Market Allocation
B
Concerted Effort to Deal
C
Price Fixing
D
Embezzlement
7) This index allows oligopolies but not monopolies
A
SEC
B
FTC
C
AJM
D
HHI
8) Gourmet and Toshi's teriyaki both decide to sell chicken teriyaki for 10
A
Intent to Monopolize
B
Cornering the Market
C
Market Allocation
D
Price Fixing
9) What best defines market share?
A
The percent of the market controlled by a company or product
B
The amount of brands owned
C
Stock at market value
D
Monopolization
10) To determine if the market is too saturated and competition is limited
A
Look for price fixing
B
Add all the market shares
C
Hear testimony in court
D
Square the market share
*select an answer for all questions
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