Why did government officials allow monopolies to operate without strong regulations during the Gilded Age? They believed monopolies would keep competition alive.
They believed monopolies were responsible for the growth of the economy.
They believed monopolies would treat their workers well.
They believed monopolies were the most successful way for businesses to make a profit.

The answer is B: they believed monopolies were responsible for the growth of the economy.
(Engenuity 2021)