QUESTION IMAGE
Question
(teks us.3.b)
read the excerpt and answer the question that follows.
other industrialists, including john d. rockefeller, merged the operations of many large companies to form a trust. rockefellers standard oil trust came to monopolize 90% of the industry....
—\the industrial revolution in the united states,\ library of congress, www.loc.gov (accessed august 25, 2017)
what was one direct effect of the business practice discussed in this excerpt?
there was a lack of employment opportunities for immigrants.
there was decreased competition among producers.
employees were prevented from buying stock.
consumers were denied access to goods.
The excerpt describes the formation of a trust by John D. Rockefeller, which monopolized 90% of the oil - industry. Monopolies reduce competition among producers as one entity controls a large portion of the market. There is no indication in the excerpt about immigrant employment, employee stock - buying, or consumer access to goods.
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There was decreased competition among producers.