11
QuizMultiple Choice

Monopolies and Trusts

Question 11 • EAP-Virginia and US History A CR

How was Rockefeller able to build his monopoly across the oil industry?

Answer
A
He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
B
He confined his business to Ohio so he could buy all the refineries there.
C
He found newer and cheaper ways to refine oil, increasing his profits.
D
He began to sell kerosene as well as oil, expanding his market.

Explanation

Rockefeller expanded Standard Oil by buying competing refineries and making his operations more efficient. Cutting costs increased profits, which he reinvested to acquire still more refineries and gain control across the industry. Choice C describes efficiency but leaves out the acquisitions that built his monopoly; he also expanded beyond Ohio and did not rely on selling kerosene as well as oil.

AI-written and checked against the verified answer.

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