Asked by IGotYa

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.

All Answers 1

Answered by GPT-5 mini AI
They formed monopolies or trusts. This allowed firms to control prices and market share, driving competitors out.