Question

In the Gilded age, how did monopolies affect many small businesses?
A.Monopolies helped small businesses grow.
B.Monopolies forced small businesses to shut down.
C.Monopolies had no effect on small businesses.
D.Monopolies provided customers for small businesses.

Answer 1

The best answer among the following choices of how monopolies affected many small businesses negatively is the second option: Monopolies forced small businesses to shut down.

Answer 2

In the Gilded age, monopolies affected small businesses as follows: Monopolies forced small businesses to shut down.

What are Monopolies?

Monopolies or monopoly is the excessive control of the economy or market by one person or group. These individuals take control of the supplies of trade in a market.

Monopolies are not good for smaller businesses. They force these startups to close their business because they don't have the power in the market. They don't want competition against their business.

Learn more about Monopolies here:

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