Railroad pools were agreements among competing companies to keep prices at a certain level by not competing with each other, essentially dividing the business in a way that would ensure stable and often high prices for themselves, which was not aimed at benefiting the consumer but rather at maintaining profits for the companies involved.

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Railroad Pools

Question 9

Multiple Choice

Railroad pools

A) were popular with consumers.
B) cut rates by combining operations.
C) usually functioned for a long time.
D) were agreements among companies to keep prices high through not competing for business.

Correct Answer: