4 years ago

Why was Carnegie Steel considered a vertical monopoly?

1 answer:

5 0

Because they owned every step of the process to make steel like for example they owned the mines to mine the iron. Then they would own a 2nd mine to mine the coal for the steel. Then they would own the factories to make the steal. That is a vertical monopoly so for shorting your answer you can say they owned the mines and the factories to make the steel.

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