What ways did the business leaders tried to eliminate competition?

Business leaders have historically employed various strategies to eliminate competition, including forming monopolies through Mergers and Acquisitions, which consolidate market power. They often engage in predatory pricing, temporarily lowering prices to drive competitors out of the market. Additionally, some may resort to exclusive contracts or agreements with suppliers and distributors to limit access for rival firms. Lastly, aggressive marketing and brand loyalty initiatives can also be used to overshadow competitors and secure a larger market share.