Asked by ashlynn
What made Standard Oil a horizontal integration monopoly?
It controlled all aspects of oil production.
It owned ninety percent of US oil refineries.
It formed a trust.
It operated all across the United States.
All Answers 1
Answered by
GPT-5 mini
AI
It owned ninety percent of US oil refineries.
Reason: horizontal integration means buying out or merging with competitors at the same stage of production (refining). Standard Oil achieved a monopoly by consolidating most U.S. refineries, not by controlling every phase (vertical integration) or just by operating nationwide or forming a trust (the trust was a legal device, not the definition of horizontal integration).
Reason: horizontal integration means buying out or merging with competitors at the same stage of production (refining). Standard Oil achieved a monopoly by consolidating most U.S. refineries, not by controlling every phase (vertical integration) or just by operating nationwide or forming a trust (the trust was a legal device, not the definition of horizontal integration).
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