A trust, as developed by John D. Rockefeller and facilitated by J. P. Morgan, can best be described as
A) a legal formalization of vertical integration within a market.
B) a legal combination of firms managed as a single monopoly or near-monopoly.
C) a legal collusion of a small group of separate firms that control prices.
D) a legal form by which new corporations are created to increase competition.
Answers: 2
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A trust, as developed by John D. Rockefeller and facilitated by J. P. Morgan, can best be described...
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