Answer :
Well an example would be that a monopoly company would raise their prices extremely high, and since a monopoly had all control over other companies, consumers/Americans would be forced to pay unreasonable prices for certain goods.
Answer:
Well an example would be that a monopoly company would raise their prices extremely high, and since a monopoly had all control over other companies, consumers/Americans would be forced to pay unreasonable prices for certain goods.
Led to reduced competition
Resulted in higher prices for consumers
Controlled the wages and salaries of workers
At first, the government took a
✔ laissez-faire
approach to dealing with monopolies.
Explanation:
