One of the earliest actions of antitrust policy was the breakup of:
A)the Standard Oil Company.
B)Bell Telephone.
C)Microsoft.
D)IBM.

Question

Quizplus · Accepted Answer

The breakup of the Standard Oil Company in 1911 is one of the earliest and most significant actions in the history of antitrust policy. The company had dominated the oil industry and controlled over 90% of oil refineries and pipelines in the United States, which was seen as detrimental to competition and consumer welfare. The US Supreme Court ordered the company to be broken up into 34 separate entities, leading to the creation of several major oil companies such as Chevron, Exxon, and Mobil.

One of the Earliest Actions of Antitrust Policy Was the Breakup