3. Why does the federal government attempt to prevent companies from becoming monopolies?(1 point)

Question

Responses

To keep prices from dropping too low
To keep prices from dropping too low

Because monopolies often use their position to charge higher prices
Because monopolies often use their position to charge higher prices

Because monopolies often produce higher quality goods
Because monopolies often produce higher quality goods

To ensure total governmental control of the economy

Answer 1

Because monopolies often use their position to charge higher prices.