Andrew Carnegie's System of Vertical Integration

Multiple Choice

Andrew Carnegie's system of vertical integration

A) combined all facets of an industry, from raw material to final product, within a single company.
B) created an industrial association through which member companies could wield much power.
C) embraced the notion of buying up competitors and forming a monopoly interest.
D) required smaller competitors to agree to standardized rates set by larger firms.
E) None of these choices are correct.