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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yarielymarie2005 yarielymarie2005

11-11-2020
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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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kasselynne13 kasselynne13 · Answer 1 · 2020-11-11T04:50:58+01:00

kasselynne13 kasselynne13

11-11-2020

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.

Explanation:

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