In the late 1800s, business leaders limited and eliminated competition by increasing prices designing new products creating overseas markets forming monopolies

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asked Nov 14, 2022 115k views

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Compski · Answer 1 · 2022-11-20T23:23:24+0000

Answer:

Forming Monopolies

Step-by-step explanation:

People like Rockefeller used horizontal integration to buy out their competitors and establish huge monopolies in their particular industries. This led to the Standard Oil Company being extraordinarily rich and successfull.

In the late 1800s, business leaders limited and eliminated competition by increasing prices designing new products creating overseas markets forming monopolies

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