Question

The Standard Oil Company was organized as a trust in order to

-minimize competition from smaller companies in the oil business
-ensure that automobiles would be run by oil rather than other fuels
-block foreign oil companies from participating in the U.S. market
-make it easier to import foreign oil into the United States at competitive prices

Answer 1

Standard Oil as a trust was also a monopoly and was formed to make as much profit as possible which meant to minimize competition for
Smaller companies in the same industry