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In the early 1900s, the Standard Oil Company purchased many of its competitors in order to reduce competition and increase its share of the domestic

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In the early 1900s, the Standard Oil Company purchased many of its competitors in order to reduce competition and increase its share of the domestic oil market. The firm's actions are consistent with a strategy of making acquisitions to Reduce taxes. Reduce capital needs. Exploit synergies. Enhance managerial control. Enhance revenues

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