Question

One effect of monopolies on the United States
economy is that they have tended to

Answer 1

Reduce business competition

Step-by-step explanation:

|Here's why!|

A Monopoly: The exclusive possession or control of the supply of or trade in a commodity or service. A monopoly runs other smaller companies out of business. For example Rockefeller had a monopoly of standardized oil, he was able to sell for lower prices which drove his competitors out of business.

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