The Standard Oil Trust was found liable of a per se violation of Section 1 of the Sherman Antitrust Act for monopolizing trade.

Question

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The Standard Oil Company was found in violation of the Sherman Antitrust Act for monopolizing trade, but the case was not decided on a per se basis. Instead, the Supreme Court applied the "rule of reason" analysis to determine the legality of its business practices.

The Standard Oil Trust Was Found Liable of a Per