Which statement best describes one of the new business models that emerged during the second industrial revolution? small businesses cooperated to compete with big business. big businesses bought competitors to become monopolies. big businesses decided to become smaller to gain efficiency. small businesses negotiated with unions to cut labor costs.

The answer is B) Big businesses bought competitors to become monopolies.


Marked between the end of the 19th Century and the beginning of the 20th Century, the second industrial revolution was experienced in countries such as the United States.

The area saw huge growth and the development of some of the largest companies in history which were strict monopolies controlling resources and whole business sectors.

They were able to buy out smaller companies and sometimes even put them out of business to end competition.