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Question
many large companies to form a trust. rockefellers standard oil trust can monopolize 90% of the industry . . . —the industrial revolution in the united states, library of co what was one direct effect of the business practice discussed in this excerpt? a there was a lack of employment opportunities for immigrants. b there was decreased competition among producers. c employees were prevented from buying stock.
The text mentions Rockefeller's Standard Oil Trust monopolizing 90% of the industry. Monopolies reduce competition among producers as one entity controls a large - portion of the market. There is no indication in the text about immigrant employment or employee stock - buying restrictions.
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B. There was decreased competition among producers.