asked 84.2k views
2 votes
What made Standard Oil a horizontal integration monopoly?

It controlled all aspects of oil production.
It owned ninety percent of US oil refineries.
It formed a trust.
It operated all across the United States.

2 Answers

4 votes

It owned ninety percent of US oil refineries.

answered
User DaveEdelstein
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8.2k points
7 votes
It owned ninety percent of US oil refineries: Smaller competing oil companies couldn't compete with Standard Oil, so they were practically forced into selling their business and resources to Rockefeller.
answered
User Walter Verhoeven
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8.0k points
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