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When antitrust proceedings starts against Standard Oil in 1904, they had 91% market share [0]. By 1911 when they were broken up they were down to 64%, but that’
by prepend 3y ago
When antitrust proceedings starts against Standard Oil in 1904, they had 91% market share [0]. By 1911 when they were broken up they were down to 64%, but that’s because the case progressed. And after the breakup they had 0%.
But I think if Standard had 64% in the beginning and there was a competitive market, they would not have been broken up.
[0] https://www.visualcapitalist.com/chart-evolution-standard-oil/ https://www.visualcapitalist.com/chart-evolution-standard-oi...
- Retric 3y agoWhich is why I said down to, they didn’t get to say we’re below the magic X% number can you please leave us alone. But presumably if their market share had fallen to 10% that would have happened. As to when the case started, it’s impossible to know what the minimum threshold was. It could just as easily been well below 64% as people where in monopoly busting push at the time.