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Question
andrew carnegie used a business strategy using vertical and horizontal integration to create a ____ which means owning all parts of an industry not allowing for competition.
social darwinism
deflation
inflation
monopoly
Andrew Carnegie used vertical and horizontal integration to control all parts of an industry, eliminating competition, which is the concept of a monopoly. Inflation is about rising prices, deflation about falling prices, and social Darwinism is a social - theory not related to business control in this context.
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A. Monopoly