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His solution was to combine companies and found one of the first great holding companies in American history. [9] Duke spent $800,000 on advertising in 1889 and lowered his prices, accepting net profits of less than $400,000, forcing his major competitors to lower their prices and, in 1890, join his consortium by the name of the American Tobacco Company
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So, you would want to exercise restraint there too." Burley may be utilized as well
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