Chapter 3 Questions 1 2 3 5 and 7 1 Discuss the rationale fo

Chapter 3: Questions 1, 2, 3, 5, and 7 1. Discuss the rationale for the economic regular of transportation. 2. How has common law provides a basis for the government’s regulation of transportation in the United States? 3. Discuss the role of antitrust laws in transportation during the regulated versus deregulated eras.

Solution

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Question 1

Economic regulation on transportation helps to ensure that it remains a free market and that one transportation company does not create a monopoly in the market.