Oligopoly first became an issue in North America when:
A) the Sons of Liberty dumped the East India Company's tea into Boston Harbor in 1773.
B) the Emancipation Proclamation was issued in 1863.
C) the growth of railroads made possible a national market for goods in the second half of the nineteenth century.
D) Google purchased Motorola Mobility in 2011.

Question

Quizplus · Accepted Answer

The growth of railroads in the second half of the nineteenth century made it possible for companies to reach a national market for their goods. This led to the emergence of oligopolies in certain industries, such as steel and oil, where a few large firms dominated the market.

Oligopoly First Became an Issue in North America When