Re:Market Concentration Is Threatening the US Economy
by ameister14 on Wednesday March 13, 2019 @12:39PM
(#19380450)
It's also interesting that when Rockefeller dominated the oil market and standardized it, the price of kerosene dropped dramatically. Rather than monopoly being negative for consumers, the competition had actually driven up prices and lowered quality standards as competitors sabotaged eachother
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Re:Market Concentration Is Threatening the US Economy
by gumby on Wednesday March 13, 2019 @05:00PM
(#19383713)
I think that was a function of the phase of the S curve.
Also remember his tying: he controlled all the tankers so even if you competed with him in petroleum products he controlled your (literal) path to market.