One of the main reasons why government officials allowed monopolies to operate without strong regulations during the gilded age was because "They believed monopolies were the most successful way for businesses to make a profit" and because many legislators were corrupted.
Explanation:
The term monopoly is characterised by the absence of competition, which might result in high prices for customers, inferior merchandise and services, and amoral behaviour. In easy words, an organization is taken into account a monopoly once the merchandise it offers is a hundred times higher than its nearest substitute. therefore distancing you and your company from your competitors.so they are the best and most successful way to run a business
