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

Question

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

anonymous · Answer

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