<span>Andrew Carnegie in steel and John D. Rockefeller in oil industry built fortunes by buying the competition, thus creating monopolies that could charge prices much higher than costs and earn large profits.
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Answer: the political state of the country in which the firm exists B) the cultural forces that exist in a society C) the suppliers who work with the company D) the technological resources available to the company E) the different demographic trends in the market
Explanation:
Answer:
Option D
Explanation:
The demand of a goods is said to be inelastic when there are no close substitute for it I.e when there is no competition for the goods, this rules out option C.
For the demand of a good to be considered inelastic that means people buy it regardless of the change in price , such good is since as a luxury and can't be replaced pending the time a competitor comes into play.
So there fore option D best explains when the demand of a good is inelastic.
