1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kvv77 [185]
2 years ago
5

What business practices contributed most to Andrew Carnegie’s ability to form a monopoly?

History
1 answer:
FrozenT [24]2 years ago
7 0

<u>Original Question</u>: What business practices contributed most to Andrew Carnegie’s ability to form a monopoly?

<u>Answer: combining his companies into one company and controlling all aspect of steel production</u>

<em>Explanation:</em>

  • <em>Choice 1 is correct because Carnegie employed the strategy of vertical integration where he controlled all aspects from steel production to steel transportation. This allowed him to lower the cost of production and transportation and lower the prices of steel to outbid competitors who would lose and go bankrupt. As a result, Carnegie began to dominate and control the market as his prices were always the cheapest</em>
  • <em>Choice 2 is incorrect, because if he focused on only one aspect of steel production, he wouldn't be able to set up a monolopy as he relied on someone else to help him with his business</em>
  • <em>Choice 3 is incorrect, because that method was only used when Carniege salvaged his reputation after setting up the monolopy which gained him a bad name.</em>

Hope that helps!

#LearnwithBrainly

You might be interested in
After 1865, what year saw the biggest expansion of Prussian territory?
grigory [225]

The answer is 1871....

I know this for a fact!!!......

8 0
3 years ago
Read 2 more answers
The growth of activism by religious conservatives in the second half of the twentieth century occurred most directly in response
dedylja [7]

Answer:

A) challenging of social norms by youth movements

Explanation:

8 0
3 years ago
Please gelppp asapppppp
Pavlova-9 [17]

Answer:

Decreased wages for unskilled industrial laborers

Explanation:

6 0
3 years ago
Name and describe the three Spanish settlements in Texas discussed in the lecture.
bezimeni [28]

Answer:

San Antonio, Goliad, Nacogdoches

Explanation:

dont really know how to describe them. sorry

3 0
3 years ago
Read 2 more answers
IF YOUR NOT A CHRISTIAN CLICK HERE!!!
Ghella [55]

i am a christian and i clicked here :D, but can you please help me with that..

6 0
2 years ago
Read 2 more answers
Other questions:
  • Which civil rights leader was born a slave in Virginia but rose to become an educator? A. Booker T. Washington B. George Washing
    13·2 answers
  • What were Indian Boarding Schools primarily designed to do?
    14·1 answer
  • the progressive movement was sometimes misguided in its interaction with racial miniorities because progressive reformers
    11·1 answer
  • Why did the franks raid?
    15·2 answers
  • What did the sharecroppers have to do in order to use the plantation owner's land ,farming tools, and mules
    12·2 answers
  • WHEN THE STATE OF STATES REQUIRES ALL GOVERNMENT MEETINGS MUST BE OPEN TO THE PUBLIC AND ANNOUNCED AT LEAST 48 HOURS IN ADVANCE.
    6·1 answer
  • Brainliest if correct
    11·2 answers
  • WHAT 2+2 eeeeeeeeeeeeeeeeeeeeeeee
    15·1 answer
  • What best represents the positive effects the introduction of the automobile had
    14·1 answer
  • The early mass production of cloth began to change the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!