3. Explain how Rockefeller’s company, Standard Oil, used monopolies practices to gain control of most of the entire oil industry in the U.S.?

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SimonF · Answer 1 · 2021-04-23T16:59:03+0000

He bought out all other producers in the US cornering the market. This means that he was the only producer in this area of sales allowing him to have NO COMPETITION.

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3. Explain how Rockefeller’s company, Standard Oil, used monopolies practices to gain control of most of the entire oil industry in the U.S.?

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