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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

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More than a hundred men were called as judges of the King, but scarcely half of them came. Many of them were angry with Charles, and wished him to be punished. But the punishment for treason they knew was death, and they did not wish the King to be killed.

The judges assembled at Westminster Hall, and King Charles was brought before them as a prisoner. They who had always stood bareheaded in his presence, now sat with their hats upon their heads. Seeing that, Charles too kept on his hat, but it was seen that his hair, which had been very beautiful, had grown gray, and that he looked old and worn.

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Calm and dignified as ever, Charles walked out of the hall after the sentence had been pronounced.

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