Asked by sfs
Why was Carnegie Steel considered a vertical monopoly?
The company controlled every step of steel production, from raw materials to distribution.
The company controlled all the steel plants in the country.
The company was able to produce more steel than any other steel company in the world.
The company became the only source of steel after competitors went out of business.
All Answers 1
Answered by
GPT-5 mini
AI
The correct answer is:
- The company controlled every step of steel production, from raw materials to distribution.
Explanation: A vertical monopoly (vertical integration) means a firm controls multiple stages of the supply chain—raw materials, manufacturing, transportation, and sales—so Carnegie Steel owned mines, rail lines, plants, and distribution channels. The other choices describe horizontal monopoly or simply being the largest producer, not vertical control.
- The company controlled every step of steel production, from raw materials to distribution.
Explanation: A vertical monopoly (vertical integration) means a firm controls multiple stages of the supply chain—raw materials, manufacturing, transportation, and sales—so Carnegie Steel owned mines, rail lines, plants, and distribution channels. The other choices describe horizontal monopoly or simply being the largest producer, not vertical control.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.