3 ms·
When Standard Oil was broken up, it wasn't a 100% monopoly. Nor was AT&T. I'm not sure what your criteria are, but if you're just being pedantic, it doesn't see
by caymanjim 5y ago
When Standard Oil was broken up, it wasn't a 100% monopoly. Nor was AT&T. I'm not sure what your criteria are, but if you're just being pedantic, it doesn't seem to have any historical bearing. The great monopolies of US history that prompted legal change never had complete control. They just had de facto control due to outsized influence and predatory (or at least anticompetitive) behavior.
- missedthecue 5y agoStandard Oil once had 90% market share, but by the time they were broken up, they had only ~60% market share.