During the Gilded Age, business leaders pushed to force out of business or buy out competitors within their industries. Gaining a majority control of an industry proved to be very profitable for tycoons because they were able to set prices for the goods and services they provided. Collections of businesses owned by the same person or group of people became known as trusts. A business that controls an entire industry is known as a monopoly. Why might a monopoly or a trust in a certain industry be bad for both consumers and workers?