The authors state that "competition was the bogeyman of most business leaders" during the late 19^th century. What do they mean by this? How did these business leaders respond to the bogeyman of competition?

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The Answer of The authors state that "competition was the bogeyman of most business leaders" during the late 19^th century. What do they mean by this? How did these business leaders respond to the bogeyman of competition?

The Authors State That "Competition Was the Bogeyman of Most