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Each of the sentences below accurately describes the practices of the standard oil company during the gilded age witch two also fit the definition of a monopoly

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Lanuel

During the Gilded Age, some of the practices exhibited by Standard Oil Company are:

  1. Controlled 90 percent of the US oil refining industry.
  2. Option D.

What is a monopoly?

A monopoly simply refers to a type of market structure which is typically characterized by a single supplier (seller or service provider), who sells and provide a unique product or service to the consumers in a market, especially through dominance.

During the Gilded Age, some of the practices exhibited by Standard Oil Company include the following:

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

Read more on Standard Oil here: https://brainly.com/question/25104169

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Complete Question:

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?

A. It controlled 90 percent of the US oil refining industry.

B. It paid its workers higher wages than most other companies.

C. It gave consumers free lamps to create demand for its kerosene.

D. Its directors focused on driving competitors out of business.

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