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 customer

Answer 1

to outcompete rival businesses

Explanation: Standard Oil used lower prices as a predatory tactic to drive competitors out of the market, allowing it to gain greater control and later raise prices.