Which was one way businesspeople tried to eliminate competition?

(1 point)
Responses

They formed monopolies or trusts.
They formed monopolies or trusts.

They decreased the price of their products.
They decreased the price of their products.

They developed overseas markets.
They developed overseas markets.

They paid higher wages to their workers.
t

1 answer

The correct response is:

They formed monopolies or trusts.

This strategy was used by businesspeople to consolidate market power and eliminate competition.