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Marina CMI [18]
2 years ago
9

During the Gilded Age, business leaders pushed to force out of business or buy out

Social Studies
1 answer:
just olya [345]2 years ago
8 0

A monopoly establishes a market without competition, which does not allow the consumer to have product and price options and is obliged to buy the product at the price that the monopoly wants. The lack of competitors also contributed to the product being sold at high prices and that there is no pursuit of increasing the quality of this product.

In relation to workers, as the monopoly dominates an entire market sector, it means that professionals in that sector are limited to a single company, which can result in lower wages, few benefits and poor working conditions.

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