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Question
- in the late nineteenth - century, critics of big business claimed that monopolies in the united states harmed the economy by: unfairly limited competition; decreasing the urban growth rate; preventing technological innovation; failing to keep pace with european industries
Monopolies in the late - 19th - century US were criticized for creating barriers to entry, which unfairly limited competition. They could control prices and production, squeezing out smaller competitors. There is no clear link between monopolies and decreasing urban growth rate. In fact, some monopolies contributed to urbanization. Monopolies did not necessarily prevent technological innovation as some had the resources to invest in R&D. And the claim about falling behind European industries was not directly related to the negative impacts of monopolies on the US economy.
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A. Unfairly limited competition