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OpenStudy (anonymous):

MC)What type of business practice did Andrew Carnegie pioneer with the Carnegie Steel Corporation? establishing no-bid service contracts with large corporate customers pricing products below cost to drive other producers out of business integrating all phases of production and distribution in a single corporation controlling the entire marketplace for a single product in order to set prices

OpenStudy (anonymous):

Carnegie was notorious for his penchant in monopolizing an industry. His industry happened to be steel.

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