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3. Explain how Rockefeller’s company, Standard Oil, used monopolies practices to gain control of most of the entire oil industry in the U.S.?
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3. Explain how Rockefeller’s company, Standard Oil, used monopolies practices to gain control of most of the entire oil industry in the U.S.?

User Ian Petts
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He bought out all other producers in the US cornering the market. This means that he was the only producer in this area of sales allowing him to have NO COMPETITION.

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User SimonF
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