In the pivotal Supreme Court decision Munn v Illinois (1877),the court held that

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In Munn v Illinois, the Supreme Court held that any business, whether or not a natural monopoly or involved in interstate commerce, may under certain circumstances be subject to regulation. This decision established that governments had the authority to regulate private businesses when it served the common good. The case specifically involved regulation of grain storage prices, but the ruling had far-reaching implications for government regulation of private enterprise.

In the Pivotal Supreme Court Decision Munn V Illinois (1877),the