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As a Result of the Centralization and Concentration of Industry

Question 47

Multiple Choice

As a result of the centralization and concentration of industry in the late nineteenth century,


A) efficiency increased in industries which produced high-quality handmade goods.
B) general living standards declined.
C) efficiency increased in industries where close coordination of output, distribution, and sales was important.
D) large financial institutions' influence in the economy declined significantly.

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