Part 6 Flashcards
1
Q
Why are rebates gives to larger companies?
A
To ensure continuance of business.
2
Q
Who made up for the lost money from rebates?
A
Farmers. They had to lay the largest amount for shipping
3
Q
What is a pool?
A
Where several companies agree to divide up business in a given area.
4
Q
What are the benefits of a pool?
A
Everyone gets money and all companies stay in business
5
Q
In a pool, why do prices have to stay high?
A
Fixed market
6
Q
Who got the short end of the stick in a pool and what did it create?
A
Farmers and miners. This created new political parties
7
Q
Are pools legal?
A
Yes
8
Q
What is a rebate?
A
Forced discounts for the seller that are not public. These are illegal now
