Question

What is the main reason that the American public turn against monopolies

A. They saw the price of goods arise as their wages decreased
B. They show the price of goods rise and their wages increase
C. They resented the wealth of the big business owners .
D. They were concerned about smaller businesses

Answer 1

The way I always thought, my answer would be A

Answer 2

The first alternative is correct (A).

Monopolies happen when only one company is responsible for providing a good or service. That is, there is no competition when there is a monopoly system. In this context, monopoly companies control production and prices.

In this way, the monopoly price is usually higher than the competitive price. Higher prices capture a larger share of people's income, leaving less money for other expenses.