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Select ALL the correct answers. Each of the sentences below accurately describes the practices of the Standard Oil Company during the Gilded Age. Which two also fit the definition of a monopoly? It controlled 90 percent of the US oil refining industry. It paid its workers higher wages than most other companies. It gave consumers free lamps to create demand for its kerosene. Its directors focused on driving competitors out of business.

Respuesta :

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Answer:

The correct answers are:

-It controlled 90% of the US oil refining industry.

- Its directors focused on driving competitors out of business.

Explanation:

Parrain

During the Gilded Age, Standard Oil Company did such things as:

  • Controlled 90 percent of the US oil refining industry.
  • Its directors focused on driving competitors out of business.

Standard Oil Company was:

  • Founded by John D. Rockefeller
  • In control of 90% of oil refining in the U.S.
  • Closed down in 1911 for being a monopoly

Standard Oil company controlled a lot of the U.S. oil and also engaged in anti-competitive practices such as driving competitors out of business. This led to the U.S. government under Theodore Roosevelt coming after them and dissolving them.

In conclusion, Standard Oil was a monopoly and drove competitors out of business.

Find out more at https://brainly.com/question/12048399.

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