Standard Oil and Antitrust Laws In response to the monopolis…
Standard Oil and Antitrust Laws In response to the monopolistic practices of Standard Oil in the late 19th century, U.S. lawmakers enacted several antitrust laws to promote competition and regulate market power. This led to the eventual breakup of Standard Oil into smaller companies. Question: Which concept is the primary target of antitrust laws? A) Prevention of monopolies B) Promotion of free trade C) Encouragement of price fixing D) Protection of exports