How do monopolies affect the price of goods?

Monopolies always result in higher consumer prices, Monopolies can also raise and lower taxes at will.

Ifound this on google “simply, the working conditions were terrible during the industrial revolution. as factories were being built, businesses were in need of workers. with a long line of people willing to work, employers could set wages as low as they wanted because people were willing to do work as long as they got paid.” i hope this you for what your looking for.