How did new forms of business ownership and organization enable business liters to control their industries?

New forms of business ownership, such as corporations and limited liability companies, allowed business leaders to pool resources and share risks, facilitating larger investments in infrastructure and technology. This structure enabled them to scale operations efficiently, dominate markets, and influence pricing. Additionally, organizational innovations like vertical and horizontal integration helped consolidate power within industries, allowing leaders to control supply chains and reduce competition. Ultimately, these changes provided a framework for sustained profitability and market control.