In the past, the Interstate Commerce Commission (ICC) regulated the trucking industry by
A)putting a floor on the price that trucking companies could charge when shipping goods interstate.
B)putting a ceiling on the price that trucking companies could charge when shipping goods intrastate.
C)not allowing one trucking company to haul goods for another trucking company.
D)limiting the regions that each trucking company could serve.
E)preventing trucking companies from merging.

Question

Quizplus · Accepted Answer

The Interstate Commerce Commission (ICC) regulated the trucking industry by putting a floor on the price that trucking companies could charge when shipping goods interstate. This was known as the Minimum Rate Order, which was implemented in 1936 and remained in effect until it was abolished in 1980. The purpose of this regulation was to prevent trucking companies from engaging in price wars that could lead to bankruptcies and service interruptions.

In the Past, the Interstate Commerce Commission (ICC) Regulated the Trucking