Which was one way business people tried to eliminate competition?

Question

1.They formed monopolies or trusts.
2.They decreased the price of their products.
3.They developed overseas markets
4.They paid higher wages to their workers.

Answer 1

The correct answer is 1. They formed monopolies or trusts.

Forming monopolies or trusts allowed business people to control a market and reduce competition by consolidating power, often leading to higher prices and reduced choices for consumers.