The major reason why many Americans did not like monopolies is they control the market in which they do the business and don't have any competitors.
What do you mean by monopoly?
A monopoly is a form of market where the market is owned by one company and can control output and prices.
Monopolies don't have competitors and due to this, consumers do not have choices but to buy from the monopoly.
Thus, monopolies can charge high prices above fair market rates and even produce inferior quality goods that increase their profits.
Learn more about monopoly here:
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