What Was The Immediate Goal Of The Standard Oil Company When It Lowered Prices? The correct answer to number 1 is to outcompete rival businesses. By lowering prices, Standard Oil Company ensured that citizens and other companies bought their product. This resulted in decreased competition, as other businesses could not compete with their low prices.
How Did Rockefeller And Carnegie Build Monopolies? They also limited their competition by forming monopolies. The monopolies they created in the oil and steel industries allowed them to control the prices of their goods; thus keeping them as high as possible. How did Carnegie create a monopoly? Gradually, he created a vertical monopoly in the
Which Was The Immediate Goal Of The Standard Oil Company When It Lowered Its Prices? Which was the immediate goal of the Standard Oil Company when it lowered its prices? big business would ultimately lead to a higher standard of living. How did Standard Oil eliminate its competition? The Standard Oil Company became known for