Standard Oil, monopolies, rate wars

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    Did businesses that were big enough rely on their profits from other parts of the country in order to put their competition in other locales out of business by undercutting (even selling below cost) them? I understand that generally speaking that strategy can’t work, but what if it was tailored to particular areas allowing those losses resulting from such low prices to be supported by profits made elsewhere?


    I think George Reisman handles that fairly well. I discuss it here:

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