Question

Why was there a need for the U.S. corporation system?

-Several companies and businesspeople pooled their capital and formed one organization in order to be competitive.
-There were too many companies selling the same product so a corporation needed to be formed.
-A government-made business funded to employ several people.
-A group of businesses that pooled together to organize a monopoly.

Answer 1

A group of businesses that pooled together to organize a monopoly

Answer 2

The correct answer is D. Before there was a U.S. corporation system, business would pool together for a monopoly, and then raise the prices, but as they were the only place that supplied a particular business, the people would have to pay any price.