Question

How was rockefeller able to build hia government conducting a cost-benefit analysis must consider political and legislative consequences. political and unintended consequences. social and legislative consequences. social and political consequences.s monopoly across the oil industry?

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

Answer 1

John D. Rockefeller built his monopoly in the oil industry by buying up oil refineries, cutting costs, and using various strategies like horizontal and vertical integration. His Standard Oil Company became the dominant force in the industry.

Step-by-step explanation:

John D. Rockefeller was able to build his monopoly across the oil industry through various strategies and tactics. He started by buying up oil refineries, cutting costs, and reinvesting his profits in other refineries. He also expanded his market by selling kerosene in addition to oil. Rockefeller used the trust and the methods of horizontal integration and vertical integration to control and eliminate his competitors, driving them out of business. These ruthless tactics allowed Rockefeller's Standard Oil Company to dominate the oil industry.