Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

in the gilded age, how did monopolies affect many small businesses? mon…

Question

in the gilded age, how did monopolies affect many small businesses?
monopolies helped small businesses grow.
monopolies forced small businesses to shut down.
monopolies had no effect on small businesses.
monopolies provided customers for small businesses.

Explanation:

Brief Explanations

During the Gilded Age, monopolies had significant market - power. They could engage in practices like predatory pricing, which made it difficult for small businesses to compete, often forcing them to shut down.

Answer:

Monopolies forced small businesses to shut down.