When railroads got into a competitive pricing war with other companies,they all tended toward "price-gouging," or raising their rates steeply elsewhere - especially when theirs was the only railroad in that market.

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When railroads engaged in competitive pricing wars, they often compensated for lost revenue by increasing rates in markets where they held a monopoly, a practice known as price-gouging.

When Railroads Got into a Competitive Pricing War with Other