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What was the Core Business that made Standard Oil a Horizontally Integrated Monopoly?

Answer :

A. Finding new uses for oil

B. Building oil pipelines

C. Refining oil

D. Transporting oil to customers

Correct Answer: C. Refining oil

Focussing primarily on oil refining was the key that enabled Standard Oil to establish itself as a dominant monopoly. In order to maintain its monopoly in the oil business, Standard Oil bought and combined all rival refineries under its brand.

Related Question: 

Which of the Following is not be a Warning Sign of a Scam When Buying a Car or Other Big Purchases?

Which Of The Following Statements About Economic Policy Are False?

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