Question

NEED HELP 30 POINTS

Question 10 (Essay Worth 6 points)
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.

Question 11 (Essay Worth 6 points)
Explain why a market or mixed economy is the best match for the United States.

Question 12 (Essay Worth 6 points)
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.

Question 13 (Essay Worth 6 points)
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.

Answer 1

I only have the answer for the last one sorry! (I did this quiz and got a 100% on it!)

The aim is to organize structure of business and their business ideas. The focus on promotion of the companies in the way of consumers' needs. Antitrust law which is placed in the USA Constitution, includes federal and state laws that belong to the government.

Hope this helps!

Answer 2

(1)
In order to keep competitors from decreasing or increasing the prices of oil they may establish, a very democratic price. About 1 dollar per gallon so that their offer will be more affordable and reasonable.
(2)
The advantage for us in taking mixed economy as a basis is that this system allows producers to produce things they want. In this case government always regulates what is being sold among the country in order to protect its citizens. What about market, this policy is not as powerful as the previous, this economy wouldn't be that suitable as any type of the products may cause harm such as weapons or drugs. which could be sold freely and carelessly distributed.
(3)
Patent law is an application to obtain protection under u.s law. If a company or an inventor does not want to get their ideas or concepts stolen a person or a company appeals to this system to protect his or her product. since competitors cant steal the idea they must create something better, which poses as an example of encouragement of competition.
(4)
The aim is to organize structure of business and their business ideas. The focus on promotion of the companies in the way of consumers' needs. Antitrust law which is placed in the USA Constitution, includes federal and state laws that belong to the government.