During the colonial period, enumerated goods included
a. tobacco.
b. sugar.
c. indigo.
d. cotton.
e. All of the above.
Question 2
Which of the following statements presents accurate information about the Standard Oil merger?
a. The Standard Oil merger is an example of a vertical merger.
b. Standard Oil was initially organized as a holding company.
c. The petroleum refining industry was never particularly competitive, and was dominated by a few large firms even prior to the Standard Oil merger.
d. Following the merger, Standard Oil controlled 90 percent of U.S. refining capacity.
e. All of the above.