Question

One effect of monopolies on the United States economy is that they have tended to

Answer 1

Answer:

Reduce business competition

Explanation:

|Here's why!|

A Monopoly: The exclusive possession or control of the supply of or trade in a commodity or service. A monopoly runs other smaller companies out of business. For example Rockefeller had a monopoly of standardized oil, he was able to sell for lower prices which drove his competitors out of business.

Hope this helped!