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by icebraining 3642 days ago
Yes, Standard Oil is the typical example, which is why I remain unconvinced. They didn't "destroy or buy out all competition" (they had more than a hundred competitors), which is why - as joslin01 points out - their position of dominance was very short lived. And did they abuse that position by charging exorbitant prices? No, the evidence was that they had generally lowered them.

And finally, this little tidbit: "The dissolution had actually propelled Rockefeller's personal wealth." Hurray for the Sherman Act..?