I am confused by the quote by US sentir John Sherman . Identify three reasons why unregulated monopolies might be bad for the society?

Micro Unit 4 4.2- Regulating Monopolies Part 1: Check for Understanding- Read the quote below and answer the following questions "If we will not endure a king as a political power, we should not endure a king over the production, transportation and sale of any of the necessaries of life." - US Senator John Sherman, chief sponsor of the Sherman Antitrust Act of 1890 1. Senator Sherman compared monopolies to a king. Identify three reasons why unregulated monopolies might be bad for society. 2. Despite antitrust laws designed to prevent monopolies, sometimes the government allows and encourages monopolies to exist. Under what conditions might society prefer a monopoly to a competitive market