Why did railroads come under government regulation?
A) Disgruntled shippers and travelers raised an outcry about the routes of railroads.
B) Some people effectively argued that railroads were charging "unfair" rates.
C) The railroad industry was too competitive, thus driving rates below those necessary ?to ensure normal profits for railroad companies.
D) All of the above are correct.
Correct Answer:
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Q20: The Great Northern railroad was privately managed
Q21: The Granger Cases of the 1870s
A) represented
Q22: Munn v Illinois (1877)was particularly important with
Q23: The perfectly discriminating monopolist will produce the
A)
Q24: The "monopoly issue" is concerned with the
Q26: What were the "Anti-trust Acts"? Identify the
Q27: Today's railroads are:
A) Privately owned and regulated
Q28: Changing conditions in transportation during the years
Q29: Which of the following illustrates the economic
Q30: Fogel's work (1964)on the economic impact of
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