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why was carnegie steel considered a vertical monopoly? the company cont…

Question

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 became the only source of steel after competitors went out of business.
the company was able to produce more steel than any other steel company in the world.

Explanation:

Brief Explanations

A vertical monopoly (vertical integration monopoly) refers to a company controlling all stages of a product's supply chain, from raw material acquisition to final distribution. The other options describe characteristics of horizontal monopolies (controlling competing production facilities) or market dominance unrelated to vertical control.

Answer:

A. The company controlled every step of steel production, from raw materials to distribution.