The Sherman Anti-Trust Act of 1890 resulted in the break-up of multiple monopolies. This and subsequent anti-trust legislations it inspired resulted in the break-up of DuPont and the Standard Oil Company (among many others).
Sherman Antitrust Act
Sherman Antitrust Act
he did not like them and he had dissolved many monopolies and is known as the "trust buster"
Dissolution - novel - has 344 pages.
The Dissolution of Nicholas Dee has 311 pages.
Monopolies can make excessive profits by over-charging consumers.
Monopolies can make excessive profits by over-charging consumers.
Because they wanted to...
One way that Theodore Roosevelt tried to limit the power of business was by suing the businesses that were trying to create monopolies. He helped to break up many businesses that had created monopolies.
5 railways
The price elasticity of demand affects how monopolies set prices. If demand is elastic (responsive to price changes), monopolies may lower prices to increase revenue. If demand is inelastic (not responsive), monopolies can raise prices without losing many customers. Monopolies use this information to maximize profits and maintain their market power.
It's really hard to say exactly how the price increase will affect the monopolies, because there are so many variables.