bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
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You were right that Standard Oil WAS a monopoly till the Sherman Anti Trust act. It was both a Vertical and Horizontal monopoly. That has long since been shattered. They don't call them 'The Seven Sisters" in Houston and Fairbanks for nothing.
No it wasn't. Standard Oil was never a monopoly. It always had competitors.
You simply don't know what the definition of monopoly is. You've been bamboozled by propagandists on the government payroll who call themselves "economists."