Modern antitrust policy began in response to
A)abuses of market power in the oil industry.
B)the inability of railroads to compete effectively with the new trucking industry.
C)the charge that the rights of big business were not adequately protected.
D)attempts by business leaders to pack Congress with corrupt legislators.

Question

Quizplus · Accepted Answer

Modern antitrust policy began in response to abuses of market power in the oil industry, specifically Standard Oil's monopoly. John D. Rockefeller's Standard Oil controlled over 90% of the oil refining industry in the late 1800s, leading to concerns about unfair competition and consumer harm. The Sherman Antitrust Act was therefore passed in 1890 to combat such monopolies.

Modern Antitrust Policy Began in Response to