The Trust Problem

advan alleged advantages anti-trust laws bination competitors contracts in restraint cost accounting courts demand depreciation destructive competition difficulties dissolution economy effect enforcing experience fact fixed capital government ownership government regulation impossible increase independent concerns individual plant industrial combination inefficient plant Interstate Commerce Interstate Commerce Commission investigation investment laissez faire less machinery magnitude maintain prices managers manufacturing industries material means ment merely monop monopolistic combination monopoly power natural monopoly natural or patent organization output permitted trusts policy of regulation possess possible practices price discrimination prices and profits prohibition prove railroad discriminations rates reason régime of competition require respect restore competition restraint of trade result secure separate concerns separate plants Sherman act single plant special monopolistic special monopoly privileges special privileges Standard Oil Company Steel Corporation steel industry sumer superior efficiency thoro tion tobacco trust transportation trust problem trust régime trusts and pools unfair competitive methods