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Social Studies, 28.01.2020 18:59 officialrogerfp3gf2s
1. in the 1970s, the u. s. government set the price for gasoline around one dollar per gallon. define price controls and describe how some people believe they protect competition.
2. the standard oil company was found in violation of antitrust law in 1911 and forced to break into 34 separate companies. define antitrust law and describe how it protects competition.
3. explain why a market or mixed economy is the best match for the united states.
4. a man named alexander graham bell received a patent for his telephone invention in 1876. today, many americans carry a cell phone around with them. define patent law and describe how patents encourage competition.
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