The Standard Oil Company:
a - was able to control the prices and distribution of almost all the oil in the US.
b - gained control of the oil industry and forced the industry to be more efficient.
c - was unable to lower oil prices because the railroads continued to charge high prices to move oil from one place to another.
d - without intending to, gained enough market share to control the price of oil throughout the US.
Please Help me OUT. Thank you!
2007-01-07 16:03:45 · 3 answers · asked by US Girl 2 in Arts & Humanities ➔ History
A
and the railroads charged different customers different amounts, this was made illegal because others were not able with standard oils special deal
2007-01-07 16:06:25 · answer #1 · answered by brainiac 4 · 1⤊ 0⤋
The answer is "A". Standard Oil did not force the industry to be more efficient. In terms of demand & supply equilibrium, monopolies are never efficient. Standard Oil bullied the railroads they didn't own. Standard was intent and deliberate in gaining controll of the oil market throughout the U.S.
2016-05-23 07:24:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a Standard Oil not only had the oil but went on to have its own ways of distribution. I can't remember the term but they operated on every level and controlled the prices.
2007-01-07 16:39:19 · answer #3 · answered by towanda 7 · 0⤊ 0⤋