Why was Carnegie Steel able to offer its product at a lower price than its competitors?

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Guilloptero · Answer 1 · 2021-01-19T22:06:29+0000

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Carnegie introduced the Bessemer process, which decreased the cost of production. ... Carnegie could cut his costs because he owned the supply of raw materials and the means of production and distribution.

Why was Carnegie Steel able to offer its product at a lower price than its competitors?

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