Historical evidence suggests that monopolization of particular industries had led to lower prices.In such cases the monopolists had reduced profit to increase welfare.

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Historical evidence actually shows that monopolization of industries often leads to higher prices and reduced consumer welfare, as monopolists have no competition to keep prices in check and may exploit their market power to set higher prices and reduce output. While there may be some exceptions where monopolists prioritize consumer welfare over profit, this is not the norm.

Historical Evidence Suggests That Monopolization of Particular Industries Had Led