In the Gilded age how did monopolies affect many small businesses?

During the Gilded Age, monopolies significantly stifled competition and harmed small businesses by dominating markets and controlling prices. Large corporations could afford to lower prices to eliminate competition, driving many small businesses to bankruptcy. Additionally, monopolies often had preferential access to resources and distribution networks, further marginalizing small enterprises. This consolidation of power led to economic inequality and diminished opportunities for entrepreneurs.