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Monopoly is when you control the market. AT&T supposedly had one in the 80s because they were to big for competition to survive and effect prices. Many feel that Microsoft is a monopoly today. They were investigated by Congress but concluded that they were not a true controller of the market. Vertical Integration is when you control the companies needed to make your product. Carnegie is a good example as his steel company bought coke fields, iron ore deposits, steel mill, ships and railroads allowing him to own all phases of production.

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