History, 10.11.2020 18:30 Nowellkwaku
9. How did John D. Rockefeller's belief in saving money wherever possible contribute to the formation of the Standard Oil monopoly?
O A Rockefeller invested all his profits back into his business so it could expand rapidly.
OB Rockefeller lowered the price of his oil to force all his competitors out of the market.
OC Rockefeller realized that spending money on top-quality production equipment would reduce his cost of production over time.
OD Rockefeller used vertical integration to reduce the cost of production.
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