In the 19th century, trusts were seen as an inbetween solution to price fixing. The argument was that trusts were not inherently an improvement and efficiency,. They were an instrumental way around the common law restriction on the forcability of contracts or restraint of trade. Any trust policy comes along, that's called price fixing.
Are tech giants such as Google, Amazon, or Facebook dangerous? Do they have too much power? Dive into the murky waters of antitrust as Michael Munger of Duke University talks with EconTalk host Russ Roberts about monopoly, antitrust policy, and competition in the 21st century.