Munn v Illinois (1877) was particularly important with regard to government regulation because it
A) upheld the traditional right of businesses to act freely without interference by government.
B) established the right of government to regulate any business that was deemed "clothed" in?the public interest.
C) established the right of government to regulate any and all businesses wherever such regulation was deemed desirable to promote competition.
D) established the right of government at any level to regulate any business activity if such regulation was deemed desirable for any reason.
Correct Answer:
Verified
Q17: Charging "what the traffic will bear" was
Q18: The Interstate Commerce Commission (ICC)(1887-1995)was the very
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
Q23: The perfectly discriminating monopolist will produce the
A)
Q24: The "monopoly issue" is concerned with the
Q25: Why did railroads come under government regulation?
A)
Q26: What were the "Anti-trust Acts"? Identify the
Q27: Today's railroads are:
A) Privately owned and regulated
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