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Which situation is an example of vertical integration?
JP Morgan encourages product research to develop better production methods.
John D. Rockefeller buys out all the competing oil businesses.
Andrew Carnegie owns all of the companies that produce goods needed to make steel.
Cornelius Vanderbilt works with other business leaders to set railroad prices.

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Answer:

Andrew Carnegie owns all of the companies that produce goods needed to make steel.

Explanation:

Vertical integration is a strategy that allows a company to streamline its operations by taking direct ownership of various stages of its production process rather than relying on external contractors or suppliers.

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