6
AssignmentMultiple Choice

Market Structures and Competition

Question 6 • 2102320-Economics HONORS - Edgenuity Teacher

Which best summarizes Ida Tarbell’s assessment of Standard Oil?

Answer
A
The company was appreciated in its community.
B
The company was interested in cooperating with other businesses.
C
The company was ruthless in its drive to eliminate competition.
D
The company was focused on establishing lower prices.

Explanation

Ida Tarbell investigated Standard Oil and criticized its business practices, especially its use of unfair and aggressive tactics to gain control of the oil industry. Her assessment is best summarized as the company being ruthless in its drive to eliminate competition. The other choices describe positive or cooperative aims that do not match her criticism.

AI-written and checked against the verified answer.

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