J.P.Morgan undermined competition by placing officers of his bank on the boards of supposedly independent companies that he wanted to control.This method was known as a(n)

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Interlocking directorates involves placing officers of a bank on the boards of supposedly independent companies that they want to control, which is the method J.P. Morgan used to undermine competition. Trust refers to a form of monopoly where several companies come under the control of a single board of trustees. Vertical integration refers to owning and controlling all levels of production of a product or service. A pool is an agreement among competitors to set prices or production levels. A holding company is a corporation that owns stock in other companies but does not engage in any operational activities.

JPMorgan Undermined Competition by Placing Officers of His Bank on the Boards