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3 years ago

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

2 answers:

7 0

The business practices that contributed most to Andrew Carnegie’s ability to form a monopoly is by combining his companies into one company, and controlling all aspects of steel production.

<h2>Further Explanation </h2><h3>Monopoly </h3>

A monopoly is a type of market structure where there is a single producer and many buyers.
A single firm controls the market as it has the highest market power and consumers lack other options.

<h3>Features of monopoly </h3>

Monopolist maximizes the profit

Monopoly sets the price

High barriers to exit and entry to the market

A sole firm dominates and controls the market

<h3>Example of monopoly</h3><h3>Carnegie Steel </h3>

In the 1970s, Andrew Carnegie believed that controlling all aspects of steel production would help him bring the cost of the production down.
He bought companies at every level of steel production from raw materials to distribution and combined all into one company.
Carnegie steel then merged with US steel making the largest steel company which was a monopoly and fully controlled all transaction on the steel market at its peak.

<h3>Other type of market structures </h3><h3>Perfectly competitive market </h3>

This is a type of market structure that is hypothetical and is considered to have a very high level of competition.

<h3>Monopolistic competition </h3>

It is a market structure that has many small firms competing against each other.
These firms sell similar products that are slightly differentiated in terms of branding, packaging, etc.

<h3>Oligopoly </h3>

A market structure that is dominated by few firms thus there is limited competition.

Keywords: Monopoly, market structure, example of monopolies

<h3>Learn more about: </h3>

Monopoly: brainly.com/question/1619397
Features of a monopoly: brainly.com/question/1619397
Types of market structures: brainly.com/question/1619397

Level: High school

Subject: Business

Topic: Market structures

Sub-topic: Monopoly

Alex_Xolod [135]3 years ago

3 0

I believe the answer is: d.combining his companies into one company, and controlling all aspects of steel production

Andrew Carnegie believe controlling all aspects of steel production would help him bring the cost of the production down, which is why he buy out every smaller companies who involved in any form of steel productions.

He later on combine all of these companies and absorb them into the Carnegie steel company and fully controlled all transaction on the steel market at its peak.

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While population pyramids display the current population makeup, the same data can be used to predict population trends of the f

alex41 [277]

Answer:

The population pyramid in Japan shows that there are more elderly than young people and that this difference will tend to be even greater in 2050. Kenya's population pyramid, on the other hand, shows that the number of young people is much greater than that of the elderly and that this difference will also be bigger in 2050.

Explanation:

The population pyramid is a type of diagram used to show the classification of cities and countries in relation to the age of their residents.

If we look at this type of diagram related to Japan, we will have an inverted pyramid, with the base being the smallest part and the top being much larger. This means that the number of young people is less than the number of elderly people in the country. This can indicate social and economic problems, which tend to increase as the young population is scarce.

Kenya, however, shows a pyramid with a base larger than the top, which indicates that the number of young people is greater than that of the elderly. This can be explained by the low life expectancy in Kenya and the problems with condom distribution. This can also create problems for Kenya.

7 0

3 years ago

which of the following countries was not part of the heavily industrialized Black Triangle of Eastern Europe?

GrogVix [38]

I think you forgot to include the options. But to help you, the countries that are part of the heavily industrialized Black Triangle of Eastern Europe are Poland, Germany, and Czech Republic. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.

7 0

3 years ago

Read 2 more answers

Archaic indian culture

oksian1 [2.3K]

They remained nomadic hunter-gatherers. As huge animals went out, mankind started hunting lesser creatures. More wild plants were eaten. Archaic humans started producing tamed plants.

This is further explained below.

<h3>What is archaic Indian culture?</h3>

Generally, They were still a nomadic tribe that lived a lifestyle of hunting and gathering for their food. But when those great creatures became extinct, humans turned their attention to hunting the smaller species that we are more acquainted with today.

In conclusion, They consumed a greater variety of wild plant foods. Even before the end of the Archaic era, humans had begun attempting to cultivate tamed plants for their own use.