The authors state that "competition was the bogeyman of most business leaders" during the late nineteenth 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 nineteenth 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