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Standard Oil was never a literal monopoly, there was always some competition. They had about 90% of the market at their peak, and it was down to about 70% when
by ams6110 8y ago
Standard Oil was never a literal monopoly, there was always some competition. They had about 90% of the market at their peak, and it was down to about 70% when they were broken up.
True monopolies, e.g. Bell Telephone, local cable franchises, utilities, etc. are (almost?) always granted by the government.
- Dylan16807 8y agoYou get local monopolies even if the government freely allows multiple companies to string wires.