The fact that Standard Oil used monopoly constituted their unfair business practise.
What was Standard Oil?
- One of the most influential industrialists in the United States at the time controlled this company.
- John D. Rockefeller and his business colleagues controlled the monopoly.
- By purchasing competing companies and refineries, the firm engaged in monopolistic.
- Due to its dominance of the market, Standard Oil has emerged as the US's top oil producer.
- The world's biggest oil refinery has historically been Standard Oil Cooperation.
- Henry Flagler and John D. Rockefeller founded it in Ohio in 1870.
- Production, processing, transportation, and sale of oil are all handled by the refinery.
To learn more about Standard Oil, refer to the following link:
https://brainly.com/question/4393144
#SPJ4