What was the Core Business that made Standard Oil a Horizontally Integrated Monopoly?
Answer :
A. Finding new uses for oil
B. Building oil pipelines
C. Refining oil
D. Transporting oil to customers
Correct Answer: C. Refining oil
Focussing primarily on oil refining was the key that enabled Standard Oil to establish itself as a dominant monopoly. In order to maintain its monopoly in the oil business, Standard Oil bought and combined all rival refineries under its brand.
Related Question:
Which of the Following is not be a Warning Sign of a Scam When Buying a Car or Other Big Purchases?
Which Of The Following Statements About Economic Policy Are False?
Unlock Full Answers Instantly !
Access detailed, expert solutions to all your questions with just one click. See the complete answers now !
Unlock NowAlready have an account ? Log in
Resolve all your doubts in One Place
We provide expert solutions to your questions. Search for your doubts here and resolve your queries smoothly.
ASK your questionRecently Added Questions
An Example of an Individual Financial COI is:
A. A researcher's spouse works at the same university as the researcher. B. A researcher is considering buying stock in a publicly traded company that specializes in making and delivering hand-tossed pizza. C. A researcher's spouse holds equity in a publicly traded pharmaceutical company that is ...
ViewThough it is Seen As a Last Resort, Bankruptcy Allows a Consumer to
A. Temporary stop paying debts B. Eliminate certain types of debt C. Easily reestablish good credit D. Receive credit in an emergency Correct Answer: B - Eliminate certain types of debt When a consumer files for bankruptcy, he/she is allowed to eliminate certain types of debts. The bank will ...
ViewWhich Best Describes The Nature Of Cause And Effect In The Context Of The Business Cycle?
A. Demand falls, causing production to stay at its peak. B. Goods are overproduced, causing a surplus in jobs. C. Consumers spend less, causing worker layoffs. D. A recession begins, causing consumers to spend more. Correct Answer: C. Consumers spend less, causing worker layoffs. "Consumers ...
ViewWhich Statement Best Describes How An Investor Makes Money Off Debt?
A. An investor makes money by earning interest. B. An investor makes money by being repaid for the principal. C. An investor makes money by issuing bonds. D. An investor makes money by raising capital. Correct Answer: A. An investor makes money by earning interest. An investor makes money by ...
ViewFor Best Business Assignment Help
-
![expert name]()
2777 - Completed OrdersHarry Simpson View Profile Masters in Microbiology UK Hire Me -
![expert name]()
2123 - Completed OrdersVyara Francis View Profile BSc in Biotechnology UK Hire Me -
![expert name]()
1123 - Completed OrdersJulia Stephens View Profile Doctorate in Neuro Science UK Hire Me -
![expert name]()
1033 - Completed OrdersEvanka Wright View Profile Graduate in Social Policy USA Hire Me
- Zero Plagiarism
- 24*7 Live Support
- Unlimited Revisions
- Free Plagiarism Report
- Money-Back Guarantee
- No Privacy Infringement
To Make Your Work Original
Paraphrasing Tool
Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing
Check Paraphrasing
Plagiarism Checker
Check your work against plagiarism & get a free Plagiarism report!
Check Plagiarism
Reference Generator
Get citations & references in your document in the desired style!
Generate References
Grammar Checker Tool
Make your content free of errors in just a few clicks for free!
Grammar Checker
Essay Typer
Generate plagiarism-free essays as per your topic's requirement!
Essay Typer- Dissertation Outline Generator
Get Structured Outline by Professionals for Your Dissertation
Check Dissertation - Thesis Statement Generator
Create the perfect thesis statement in just few minutes!
Generate Thesis - AI Essay Writer
Get a well-researched and quality essay effortlessly in a few seconds.
AI Essay Writer
Update your Number