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JulsSmile [24]
3 years ago
9

Why was Carnegie Steel considered a vertical monopoly?

History
1 answer:
Rashid [163]3 years ago
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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