Yes. Standard Oil in the 19th century, it drove out the competition with low margins (but still a bit of profit) then, after John D. Rockefeller left the presi

Yes. Standard Oil in the 19th century, it drove out the competition with low margins (but still a bit of profit) then, after John D. Rockefeller left the presidency of the company to John D. Archbold in 1896, Standard Oil jacked up prices and made its real monopoly rents.