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a study of Standard Oil is really instructive. It is not a matter of there being no competition, it's a matter of having such market power that you can dictate
by your-nanny 8y ago
a study of Standard Oil is really instructive. It is not a matter of there being no competition, it's a matter of having such market power that you can dictate rates for your competitors. Standard Oil got paid every time a railroad shipped a competitors oil!
- craftyguy 8y ago> a study of Standard Oil is really instructive Judging by the downvotes I got for mentioning it, you and I must be the only ones on HN that think so.