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Andrew Carnegie's ability to form a monopoly was primarily driven by his investments in the steel industry, specifically through the establishment of Carnegie Steel Company. By implementing innovative production techniques, such as the Bessemer process, and focusing on vertical integration, Carnegie was able to control every aspect of steel production, from raw materials to transportation. This dominance in the steel market allowed him to eliminate competition and establish a near-monopoly in the industry by the late 19th century.

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What business practice contributed most to Andrew Carnegies ability to form a monopoly?

Andrew Carnegie's ability to form a monopoly was primarily attributed to his implementation of vertical integration. By controlling every aspect of the steel production process—from raw materials to transportation and distribution—Carnegie was able to reduce costs and improve efficiency. This strategy allowed him to dominate the steel market, undercut competitors, and ultimately establish a powerful monopoly in the industry. Additionally, his focus on innovation and technology further solidified his position as a leader in steel production.


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