Ask Question
8 February, 15:06

What made Standard Oil a horizontal integration monopoly?

Answers (2)
  1. A
    8 February, 17:44
    0
    American business leaders who owned a normal company. He opened a petroleum refinery and used consolidation to become a monopoly and a trust still. He owned ninety-fifth of oil refineries. The richest man in the United States of America History.

    - normal company

    - Used spies, bribery, and "trusts" to cover monopoly.

    A business strategy during which a business - like a company - tries to shop for out all of its competition. Full consolidation is termed a monopoly. John D. Rockefeller practised consolidation with normal Oils consolidation.
  2. T
    8 February, 18:44
    0
    There are several things that made Standard Oil a horizontal integration monopoly, but in general it was the fact that they bought up multiple means of production.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What made Standard Oil a horizontal integration monopoly? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
Sign In
Ask Question