QUESTION IMAGE
Question
- what were some of the consequences (positive or negative) of rockefeller’s control over the oil industry for the average american?
Brief Explanations
Positive consequences included more efficient production and lower - cost oil products for consumers due to economies of scale in Rockefeller's integrated operations. Negative ones were the reduction of competition which could lead to potential price - fixing in the long run, and limited consumer choice as smaller competitors were driven out.
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Positive: Lower - cost oil products from efficiency. Negative: Reduced competition and limited choice.