Question

Why did some people believe lack of competition would hurt consumers?

Answer 1

People believed this because with lack of competition consumers would have no guarantee that their products they are buying are good or even effective with nothing to compare it to, the companies also wouldn’t be insuring successful products if their is no other business to compete with

Answer 2

Without competition, corporations had no reason to keep their prices low or to improve their goods & services.

Step-by-step explanation: