Standard Oil: A Case Study In Horizontal Integration Monopoly And Antitrust Enforcement
Standard Oil, under John D. Rockefeller, achieved horizontal integration monopoly by consolidating oil refining and transportation. By acquiring control over oil fields and pipelines, Standard Oil dominated the entire oil supply chain, creating an oligopoly with reduced competition. Its predatory pricing and price manipulation further limited rivals. Antitrust laws dismantled the monopoly, demonstrating the importance…