Question

section 3 - the evils of trusts
why did people argue that monopolies were bad?

Explanation:

Monopolies were argued to be bad for several reasons. They could limit competition, which led to higher prices for consumers as there were no other firms to offer lower - cost alternatives. Monopolies also had the power to restrict output, reducing the availability of goods or services. They often suppressed innovation because without competition, there was less incentive to develop new, better, or more efficient products or production methods. Additionally, they could exploit workers by paying lower wages or providing poor working conditions, as workers had few alternative employers. Monopolies also had the ability to influence politics and legislation to their advantage, further entrenching their power and distorting the free - market system.

Answer:

People argued monopolies were bad because they limited competition (leading to higher prices, restricted output), suppressed innovation, exploited workers, and distorted the free - market system (and influenced politics for self - interest).