What was the relationship between competition and monopoly in American industry during the post-Civil War era?

Question

Quizplus · Accepted Answer

Deflation combined with fierce competition during the post-Civil War era in American industry often led to business expansion as companies sought economies of scale to reduce costs and survive. This process frequently resulted in increased concentration within industries, as larger firms absorbed or drove out smaller competitors.

What Was the Relationship Between Competition and Monopoly in American