During the Gilded Age, business leaders pushed to force out of business or buy out competitors within their industries. Gaining a majority control of an industry proved to be very profitable for tycoons because they were able to set prices for the goods and services they provided. Collections of businesses owned by the same person or group of people became known as trusts. A business that controls an entire industry is known as a monopoly. Why might a monopoly or a trust in a certain industry be bad for both consumers and workers?

Answer

• A monopoly can raise prices indefinitely because of lack of competition.

• When monopolies are owned by for-profit organizations, prices become significantly high

A monopoly is the main provider of goods and services to consumers thus they have no competition and no price restrictions. When they are not monitored and unregulated, they could adversely affect businesses, customers and the entire economy. A monopoly can set a price that remains the market price and the demand is always the market demand. When prices are high, users are not able to substitute the goods and services with an affordable alternative. In addition to that, a monopoly can shut down a business when it refuses to sell an important good to that company.

Skilled workers in such an industry have to work for the trust/monopoly or not work in their skill set. This gives the employer much leverage in pay/benefit negotiations.

Since consumers have no choice but to buy from the trust/monopoly they have to pay (usually) higher prices than they would if there were competition between businesses owned by different people.

Without competition there might be little incentive to improve product quality and to develop new products.

Explanation:

i believe the answer is:

-   william jennings bryan is a democrat while mckinley was a republican

at that time, the segment of population that choose for democratic party were the voters with low economic background and vice versa

- william jennings has support of populists and wants to have inflation to farmers while mckinley has support of bankers and businessmen , doesn't want inflation

the fixed value of gold make the large business able to stack up their gold without   being worried that it would devaluated.

- william jennings supported the silver standard while mckinley supported the gold standard

according to jenning, using other metal beside gold could the poor people to have more purchasing power and them advance in the society.

i told you before its c