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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.

Answered by Gabbachan | 2024-06-10

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 **
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**Resulted in higher prices for consumers **
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**Controlled the wages and salaries of workers **

**At first, the government took a **
**✔ laissez-faire **
** approach to dealing with monopolies.** ;

Answered by blackinthe1900s | 2024-06-14

Many Americans feared monopolies for several reasons, including higher prices, fewer choices, wage control, inefficiency, and undue political power. These fears led to the establishment of antitrust laws aimed at curtailing monopolistic practices. Overall, monopolies can harm consumers and the economy by stifling competition and innovation.
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Answered by blackinthe1900s | 2025-01-09

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Answered by yudidarmadi1247 | 2025-07-16