One way businesspeople tried to eliminate competition was by forming monopolies or trusts.
One way businesspeople tried to eliminate competition was by forming monopolies or trusts. This allowed them to control the entire market and eliminate competition from other businesses. To verify this answer, you can do some research on the history of monopolies and trusts. Look for cases where businesses merged or formed agreements to eliminate competition. This research should provide you with evidence supporting the idea that forming monopolies or trusts was a method employed by businesspeople to eliminate competition.
