1. In your own words, summarize how Andrew Carnegie established a monopoly.
2. In your own words, summarize how John D. Rockefeller established a monopoly.
3. In your own words define vertical and horizontal integration.
3. Horizontal integration is an expansion strategy adopted by a company that involves the acquisition of another company in the same business line. Vertical integration refers to an expansion strategy where one company takes control over one or more stages in the production or distribution of a product.
