Match the Industrialist to the Industry that they control J.P. Morgan 1. Steel Andrew Mellon 2. Oil John D. Rockefeller 3. Railroad Andrew Carnegie 4. Automobiles Cornelius Vanderbilt 5. Investment Banking 3 6. Electrical Appliances Henry Ford 7. Aluminum George Westinghouse 8. Media William Randolph Hurst, 2. 4.
Match the Industrialist to the Industry that they control J.P. Morgan 1. Steel Andrew Mellon 2. Oil John D. Rockefeller 3. Railroad Andrew Carnegie 4. Automobiles Cornelius Vanderbilt 5. Investment Banking 3 6. Electrical Appliances Henry Ford 7. Aluminum George Westinghouse 8. Media William Randolph Hurst, 2. 4.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Match the Industrialist to the Industry that they control
J.P. Morgan
1. Steel
Andrew Mellon
2. Oil
John D. Rockefeller
2.
3. Railroad
Andrew Carnegie
4. Automobiles
Cornelius Vanderbilt
5. Investment Banking
6. Electrical Appliances
4.
Henry Ford
7. Aluminum
George Westinghouse
8 Media
William Randolph Hurst
Transcribed Image Text:Choose the answer that does not describe a Monopoly.
Clay just developed a teleportation machine, he is the only one that knows how
to make it and his company is the only company out there making them and
selling them, he has no competitors what so ever.
Megan is the owner of a very successful fast food chain with multiple locations
in every city across the country, however she always has to adjust the prices
depending on the area due to the variety of other fast food chains in the area,
but she still is the most popular.
O Lily owns a Pet store in a large city, Each time she gets enough money she buys a
competitor and turns their store into one of hers, eventually she will have all of
the pet stores in her city under her company, practicing Horizontal Integration.
Avery owns a clothing company in which he owns all of the means of production
from the cotton field in which his clothes are made from to the storefront that
they are sold in, practicing Vertical Integration.
Expert Solution
Step 1
NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question specifying the one you’d like answered.
Given are the name of famous industries which need to be matched with their famous industrialists.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education