What problems did monopolies cause for the economy? Check all that apply.They decreased competition.They led to increased regulations.They produced less money for the industry.They resulted in higher prices for consumers.They gave consumers fewer options.

A monopoly controls most or all of a market, so competing businesses have little chance to offer alternatives. With less competition, a monopolist can charge higher prices, and consumers have fewer options. Increased regulations were often a government response to monopolies, rather than a direct economic problem caused by them; monopolies also did not necessarily produce less money for the industry.

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