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21 May, 17:30

What made Standard Oil a horizontal integration monopoly?

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  1. 21 May, 17:43
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    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. 21 May, 20:15
    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.
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