what was the core business that made standard oil a horizontally integrated monopoly?\n○ finding new uses…

what was the core business that made standard oil a horizontally integrated monopoly?\n○ finding new uses for oil\n○ refining oil\n○ building oil pipelines\n○ transporting oil to customers

what was the core business that made standard oil a horizontally integrated monopoly?\n○ finding new uses for oil\n○ refining oil\n○ building oil pipelines\n○ transporting oil to customers

Answer

Brief Explanations:

Standard Oil became a horizontally - integrated monopoly mainly through refining oil. Horizontal integration involves acquiring or merging with competitors in the same stage of production. In the oil industry, refining was a key stage. By controlling multiple oil - refining operations (through acquisition and consolidation), Standard Oil was able to dominate the refining aspect of the oil business. While finding new uses for oil, building pipelines, and transporting oil were also part of the oil - related business, refining was the core activity that allowed for horizontal integration (as it was about controlling multiple refining plants, which were at the same production stage - the refining stage).

Answer:

refining oil