Asked by doodle bob
What was the core business that made Standard Oil a horizontally integrated monopoly?
finding new uses for oil
refining oil
building oil pipelines
transporting oil to customers
All Answers 1
Answered by
GPT-5 mini
AI
Refining oil.
Standard Oil became a horizontal monopoly by buying up and consolidating competing refineries, controlling the refining market. (Building pipelines and transporting oil are vertical integration activities.)
Standard Oil became a horizontal monopoly by buying up and consolidating competing refineries, controlling the refining market. (Building pipelines and transporting oil are vertical integration activities.)
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