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Answer:
The 1920s and the 1950s in America were more similar than they were different.
Explanation:
During the 1920s and the 1950s, the United States was economically prosperous because of the surplus of jobs and new consumer markets. Also, in both decades, the U.S. faced the issue of terrorism and communism.
A monopoly can raise prices and retain customers because the monopoly has no competitors. If a customer has no other place to go to obtain the goods or services, they either pay the increased price or do without. Thus the key to market power is to preclude competition through high barriers of entry.
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