Question

What business practice contributed most to Andrew Carnegie’s ability to form a monopoly? using profits to support charities in order to greatly improving his reputation increasing his profits every year focusing on a single aspect of steel production combining his companies into one company, and controlling all aspects of steel production

Answer 1

Answer:

D. combining his companies into one company, and controlling all aspects of steel production.

Answer 2

Answer:

combining his companies into one company, and controlling all aspects of steel production

Explanation:

A market structure portrayed by a solitary merchant, selling an extraordinary item in the market. In a monopoly market, the merchant faces no opposition, as he is the sole dealer of merchandise with no nearby substitute.

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