Which of the following industries has experienced a break-up of a large monopoly into smaller competing firms?
A) tobacco
B) oil
C) telephone
D) all of the above

Question

Quizplus · Accepted Answer

Each of the mentioned industries has experienced a significant breakup of monopolies into smaller competing firms at some point in history. The tobacco industry saw antitrust actions leading to the breakup of large companies. The oil industry experienced major antitrust breakups, notably with Standard Oil in the early 20th century. The telephone industry saw the breakup of AT&T's Bell System into regional Bell operating companies in the early 1980s.

Which of the Following Industries Has Experienced a Break-Up of a Large