Question

Why did business leaders look to set up trusts and monopolies?

A. They wanted to encourage competition so they could charge
consumers less for goods and services.
B. They wanted to encourage competition so they could charge
consumers a fair price for goods and services.
C. They wanted to eliminate competition so they could charge
consumers more for goods and services.
D. They wanted to eliminate competition so they could charge
consumers less for goods and services.

Answer 1

B. They wanted to encourage competition so they could charge

Answer 2

Business leaders look to set up trusts and monopolies C. They wanted to eliminate competition so they could charge consumers more for goods and services.

Why did the Businesses do this

Business leaders sought to establish trusts and monopolies primarily to eliminate competition and gain control over markets.

By consolidating various companies or industries under one entity, trusts and monopolies aimed to dominate the market, reducing or eradicating competition.

This control over the market allowed these large conglomerates to dictate prices, limit choices for consumers, and effectively raise prices for goods and services.