QUESTION IMAGE
Question
mod-fall final part i
critics of big business claimed that monopolies in the u.s. harmed the economy by -
limiting competition and customer choice
decreasing the urban growth rate
failing to keep pace with european industries
Brief Explanations
To solve this, we analyze each option:
- "limiting competition and customer choice": Monopolies, by definition, reduce competition as they are the sole (or dominant) provider, which also limits customer choice (fewer alternatives).
- "decreasing the urban growth rate": Monopolies don't directly relate to urban growth rate; urban growth is more about population migration, infrastructure, etc.
- "failing to keep pace with European industries": Monopolies' harm to the US economy isn't about matching European industries; their impact is domestic market - related.
So the correct option is the one about limiting competition and customer choice.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
A. limiting competition and customer choice