Question

Question

Which was the immediate goal of the Standard Oil Company when it lowered its prices?

(1 point)
Responses

to sell stock to investors
to sell stock to investors

to outcompete rival businesses
to outcompete rival businesses

to form a monopoly
to form a monopoly

to pass on lower costs to customers
to pass on lower costs to customers

Answer 1

The immediate goal of the Standard Oil Company when it lowered its prices was to outcompete rival businesses.