Home/ Questions/How did john d. rockefeller horizontally integrate his monopoly in 1880?
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Asked: 2022-04-07T13:57:39+00:00 In:

How did john d. rockefeller horizontally integrate his monopoly in 1880?

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“How did John D. Rockefeller horizontally integrate his monopoly in 1880? He purchased iron mines around the country to add to his business He created a trust that controlled ninety percent of the nation’s oil refineries: He created a trust that controlled oil wells , refineries, and distribution networks. He purchased coal plants around the country to add to his business.” Both antitrust policy and industrial regulation deal with monopoly. What distinguishes the two approaches? How does government decide to use one form of remedy rather than the other?

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Antitrust policies are regulations that encourage competition by limiting the market power of any particular company. This often involves ensuring that mergers and acquisitions do not over-concentrate market power or form monopolies, as well as dismantling companies that have become monopolies.
Antitrust laws are a broad group of state and federal laws designed to ensure businesses are competing fairly. “Trust” in antitrust refers to a group of businesses that cooperate or form a monopoly to set a price in a particular market.

Most antitrust issues arise when the DOJ or FTC investigates large companies that are about to merge. Mergers are often within the same industry and may involve unfair business tactics or outcomes. In these cases, the antitrust attorneys involved are usually corporate attorneys. However, some corporations may not have an in-house antitrust specialist, so they may seek to hire an attorney who specializes in antitrust.

 

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    Monopoly : It is the situation in which single firm holds the largest market share in the economiy. E.g. Windows developed by M.S

    Antitrust policy: specific enactment to prevent creation of monopoly power in the market

    Industrial regulations: common regulations to have oversight of all the industries

    Thus, in this case we should use antitrust policy

     

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