4
QuizMultiple Choice

Monopolies and Trusts

Question 4 • EAP-Virginia and US History A CR

Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?

Answer
A
In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
B
With every business Rockefeller bought, he would learn about it, sell it at a profit, and buy another business.
C
With every purchase of a refinery, Rockefeller would add new products to his business.
D
In all his businesses, Rockefeller made sure that he controlled all aspects of production.

Explanation

Rockefeller repeatedly reinvested profits from his businesses to expand his operations and acquire other companies. This helped him build a large, integrated oil business and reduce competition. The correct choice is “In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.”

AI-written and checked against the verified answer.

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