Answer :
By creating monopolies and establishing trusts, industrial leaders of the late 1800s secured (make safe) passage of the sixteenth amendment.
A monopoly is a market structure in which a unmarried supplier or manufacturer assumes a dominant role in an enterprise or a zone. Monopolies are discouraged in loose-marketplace economies as they stifle opposition and restrict substitutes for customers.
A monopoly is a firm who's the only vendor of its product, and wherein there aren't any close substitutes. An unregulated monopoly has marketplace strength and might have an effect on expenses. Examples: Microsoft and windows, DeBeers and diamonds, your neighborhood herbal gas company.
Monopolies are awful because they manage the marketplace wherein they do business, that means that they've no competition. when a organization has no competition, consumers don't have any desire but to buy from the monopoly. The business enterprise has no test on its electricity to raise prices or decrease the pleasant of its services or products.
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