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The ON 8 Standard Oil is an example of a monopoly in the oil industry during the late 19th and early 20th centuries. Founded by John D. Rockefeller, Standard Oil controlled a significant portion of the U.S. oil refining and distribution, leading to concerns about anti-competitive practices and market manipulation. This dominance ultimately prompted the U.S. government to intervene, resulting in the company's breakup in 1911 under antitrust laws.

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