Why was there a need for the U. S. corporation system?

-Several companies and businesspeople pooled their capital and formed one organization in order to be competitive.

-There were too many companies selling the same product so a corporation needed to be formed.

-A government-made business funded to employ several people.

-A group of businesses that pooled together to organize a monopoly.

Question

Libby Schroeder

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16 June, 13:32

Why was there a need for the U. S. corporation system?

-Several companies and businesspeople pooled their capital and formed one organization in order to be competitive.

-There were too many companies selling the same product so a corporation needed to be formed.

-A government-made business funded to employ several people.

-A group of businesses that pooled together to organize a monopoly.

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Answers (1)

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Lexi Carney · Answer 1

The correct answer is D. Before there was a U. S. corporation system, business would pool together for a monopoly, and then raise the prices, but as they were the only place that supplied a particular business, the people would have to pay any price.