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how did john d. rockefeller horizontally integrate his monopoly in 1882…

Question

how did john d. rockefeller horizontally integrate his monopoly in 1882? he purchased iron mines around the country to add to his business. he created a trust that controlled oil wells, refineries, and distribution networks. he created a trust that controlled ninety percent of the nations oil refineries. he purchased coal plants around the country to add to his business.

Explanation:

Brief Explanations

Horizontal integration involves a company acquiring or merging with competitors in the same industry. Rockefeller's Standard Oil used trusts to gain control over a large portion of the oil - refining sector. Purchasing iron mines or coal plants would be vertical integration (controlling different stages of production). Controlling oil wells, refineries, and distribution networks is also more of a vertical integration concept. But controlling a large percentage (ninety percent) of the nation's oil refineries (which are competitors in the same stage of production - refining) is horizontal integration.

Answer:

He created a trust that controlled ninety percent of the nation's oil refineries.