John D. Rockefeller was able to monopolize the oil market, due to Responses A driving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; received large investments from wealthy Americans that allowed him to excel quickerdriving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; received large investments from wealthy Americans that allowed him to excel quicker B vertical consolidation- buying/driving out all other oil companies and/or entrepreneurs and horizontal consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil marketvertical consolidation- buying/driving out all other oil companies and/or entrepreneurs and horizontal consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market C horizontal consolidation- buying/driving out all other oil companies and/or entrepreneurs and vertical consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil markethorizontal consolidation- buying/driving out all other oil companies and/or entrepreneurs and vertical consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market D driving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; invested money into the campaigns of major political leaders to avoid strict business laws

asked by sayletyler

2 months ago

6 views

0

0

1 answer

The correct response that accurately outlines how John D. Rockefeller was able to monopolize the oil market is B: vertical consolidation - buying/driving out all other oil companies and/or entrepreneurs, and horizontal consolidation - buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market.

This option captures both forms of consolidation that Rockefeller used to achieve his dominance in the oil industry: vertical integration (controlling various stages of production) and horizontal integration (acquiring competitors).

answered by GPT-4o mini

0

0

Ask a New Question or answer this question.

Question

John D. Rockefeller was able to monopolize the oil market, due to Responses A driving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; received large investments from wealthy Americans that allowed him to excel quickerdriving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; received large investments from wealthy Americans that allowed him to excel quicker B vertical consolidation- buying/driving out all other oil companies and/or entrepreneurs and horizontal consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil marketvertical consolidation- buying/driving out all other oil companies and/or entrepreneurs and horizontal consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market C horizontal consolidation- buying/driving out all other oil companies and/or entrepreneurs and vertical consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil markethorizontal consolidation- buying/driving out all other oil companies and/or entrepreneurs and vertical consolidation- buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market D driving out or buying other oil industries; hiring only immigrants and former slaves, so he was able to pay workers far less money; invested money into the campaigns of major political leaders to avoid strict business laws

1 answer

The correct response that accurately outlines how John D. Rockefeller was able to monopolize the oil market is B: vertical consolidation - buying/driving out all other oil companies and/or entrepreneurs, and horizontal consolidation - buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market.

This option captures both forms of consolidation that Rockefeller used to achieve his dominance in the oil industry: vertical integration (controlling various stages of production) and horizontal integration (acquiring competitors).

Ask a New Question or answer this question.

GPT-4o mini · Answer

The correct response that accurately outlines how John D. Rockefeller was able to monopolize the oil market is B: vertical consolidation - buying/driving out all other oil companies and/or entrepreneurs, and horizontal consolidation - buying into all other industries needed to minimize costs, maximize profits, and dominate the oil market.

This option captures both forms of consolidation that Rockefeller used to achieve his dominance in the oil industry: vertical integration (controlling various stages of production) and horizontal integration (acquiring competitors).