Question

What negative consequences of monopoly did many Americans come to fear?

Answer 1

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.

Step-by-step explanation:

Answer 2

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.