1: When we see a ball game between two teams, we are seeing
sports live, and not on television.
competition in action.
a monopoly at work
2: In business, competition will provide
disagreements and controversy.
the best service at the best price.
poor service at a poor price.
3: A group of businesses that have given control over their prices and selling practices to a small group of people is a
stock.
bond.
trust.
4: Anti-trust laws have been passed to prevent
trusts and monopolies.
monopolies and franchises.
trusts and franchises.
5: A board or commission will grant a public utility a ___, which is a contract between the government and the company.
monopoly
deed
franchise
6: What makes each seller work to provide lower prices and better services to customers?
corporation
competition
company
7: When one company has exclusive control over a service or product, it is a
monopoly
franchise
corporation
8: Public utility boards or commissions are used by
the federal government
the state and federal government
the local, state and federal government
9: Being an innovator, risk-taker, and businessperson are characteristics of
a monopoly
an entrepreneur
a federal employee
10: Franchises give the utility the right to
establish a monopoly
control prices
hire new employees
Tags: