Question

Why would the U.S. government seek to limit the development of business monopolies?

Answer 1

Answer:

The U.S government wanted to limit business monopolies because if a business becomes a monopoly that business has no competition and becomes the most powerful business. Based off of the definition of monopoly; A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. It is stating that the business has complete control over that particular stock.

Explanation:

Answer 2

Answer:

The U.S government wanted to limit business monopolies because if a business becomes a monopoly that business has no competition and becomes the most powerful business. Based off of the definition of monopoly; A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. It is stating that the business has complete control over that particular stock.