8
QuizMultiple Choice

Monopolies and Trusts

Question 8 of 10 • (AG Q1) US History I: 26-27 (MStackhouse)

How was Rockefeller able to build his monopoly across the oil industry?

Answer
A
He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
B
He confined his business to Ohio so he could buy all the refineries there.
C
He found newer and cheaper ways to refine oil, increasing his profits.
D
He began to sell kerosene as well as oil, expanding his market.
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