Question

The History of Standard Oil is an example of which of the following?

Answer 1

Answer:

Standard Oil Co. Inc. was an American oil delivering, transporting, refining, and advertising organization and imposing business model. Set up in 1870 by John D. Rockefeller and Henry Flagler as a company in Ohio, it was the biggest oil refinery in the realm of its time.

Its history as one of the world's first and biggest worldwide companies finished in 1911, when the U.S. Incomparable Court ruled, in a milestone case, that Standard Oil was an unlawful restraining infrastructure.  

Standard Oil has filled in as the reading material of why we require antitrust law– in the business world all in all.