The Interstate Commerce Commission (ICC)(1887-1995)was the very first attempt by Congress and/or the federal government to regulate the railroads; regulation had previously come solely from the states.
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Q13: North (1974)finds evidence to suggest that the
Q14: Railroads fueled the expansion of all markets
Q15: Railroads
A) were among the last of the
Q16: Fogel (1964)showed that railroad construction after the
Q17: Charging "what the traffic will bear" was
Q19: The pure competitor usually charges higher prices
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)
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