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How was Rockefeller able to build his monopoly across the oil industry?
He found newer and cheaper ways to refine oil, increasing his profits.
He confined his business to Ohio so he could buy all the refineries there.
He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
He began to sell kerosene as well as oil, expanding his market.

Respuesta :

Answer:

C. He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Explanation:

arshikhan8123

Rockefeller was able to build his monopoly across the oil industry as he bought up oil refineries, cut costs, and reinvested his profits in other refineries.

What company was a monopoly during the Gilded Age?

One of the most powerful monopolies was that of the Standard Oil Company, founded by John D. Rockefeller and based in Cleveland, Ohio. While Rockefeller faced some competition from other firms, he was able to dictate prices due to the size of his firm.

How did Rockefeller create a monopoly?

Rockefeller built an oil monopoly by ruthlessly eliminating most of his competitors. This made him the richest man in the world. But he spent his retirement years giving away most of his money.

Learn more about Rockefeller here https://brainly.com/question/7618102

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