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> Yet in the text he wrote that throughout the trial, Standard Oil's market share steadily declined and Rockefeller was unable to stem the retreat. The general
by macintux 3y ago
> Yet in the text he wrote that throughout the trial, Standard Oil's market share steadily declined and Rockefeller was unable to stem the retreat.
The general consensus seems to be that the antitrust trial against Microsoft had a significant impact on the company's behavior long before it concluded, forcing it to stop acting like a bull in a china shop.
I don't see the two views on Standard Oil as necessarily being contradictory, but I'll freely admit I'm completely ignorant of the situation.
- WalterBright 3y agoSO never did charge monopoly prices. The consumer price of kerosene dropped 70% during the rise of SO.