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Standard Oil only maxed out at 90% market share. US Steel only reached 60% of the steel market. There were banks other than JP Morgan. A more nuanced view of mo
by frgtpsswrdlame 9y ago
Standard Oil only maxed out at 90% market share. US Steel only reached 60% of the steel market. There were banks other than JP Morgan. A more nuanced view of monopoly has to do with how much power they can wield in the markets.
- mohaine 9y agoAnd of those which ones had successful antitrust litigation against them? Just Standard Oil I believe.