3 years ago

Explain why the Standard Oil company is an example of horizontal integration.

History

1 answer:

marishachu [46]3 years ago

8 0

Answer:

Standard Oil became a horizontal integration monopoly because it owned ninety percent of US oil refineries. It became a monopoly because it bought almost all of the competitors so that it managed to control almost all oil production, processing, marketing, and transportation in the United States.

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