That the practices conducted by Standard Oil were considered acceptable?
Or are you stating that because it is done today (wrongfully so, imo), it was okay back then?
Please elaborate.
My guess is you just found out that coupons are price discrimination and are still pretty upset about that? If so, I’m sorry to break that news to you.
Back this up. None of your statements have any backing.
Edit: From your comment style and prior history, you have a history of utilizing red herring and slippery slope style comments to get your way without backing a single thing you say. Please, cut the bullshit.
Grocery stores getting more sophisticated: https://www.forbes.com/sites/moneybuilder/2012/08/21/individ...
Here’s airlines: http://theconversation.com/a-travellers-guide-to-airline-pri...
There’s a bunch of examples right in the fucking wiki page on price discrimination: https://en.wikipedia.org/wiki/Price_discrimination
Please spend a little effort at least googling before you make demands for proof of something so common.
> From your comment style and prior history
That’s just pathetic. Nobody is ever impressed you read someone else’s comment history to make a childlike ad hominem attack, especially just to misuse the term “red herring”. Stalking has ever advanced a conversation. Stick to the topic.
The evidence is, in fact, absolutely conclusive that the Standard Oil Co. charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher [2].
[1]. Grayson, Leslie E. (1987). Who and How in Planning for Large Companies: Generalizations from the Experiences of Oil Companies.
[2]. Standard Oil Co. of New Jersey v. United States, 221 U.S. 1 (1911).