Question

In which type of 19th century organization were businesses combined in order to reduce competition?

Answer 1

Corporations, entities that sold shares of partial ownership in exchange for capital, became more common as the concept of limited liability emerged.
Incorrect Answer(s)

Answer 2

monopoly, trust, cartel, and multinational formations.

Step-by-step explanation:

It was a process that originated in Great Britain that expanded the industry to new areas of production, which generated business organizational structures. As industrialization progressed, the organizational structure became more complex, shifting to complex monopoly, trust, cartel, and multinational formations.

The configuration of the new companies led to the creation of the banking system. Some types of monopolies are trust models, holdings, cartels, among others. The definition of monopolies is simple, they are the union of several companies to unify the price of a certain product.