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"Government Action Is Based on Majority Rule,whereas Market Action Is

Question 48

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"Government action is based on majority rule,whereas market action is based on mutual consent.The competitive marketplace allows for proportional representation of each individual.However,minority or unorganized groups must yield to the views of the political majority when activities are undertaken through government." Explain what this statement means and illustrate by using the events leading up to the establishment of the Interstate Commerce Commission (ICC)in 1887 and passing of the Hepburn Act of 1906.

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This statement means that in a democrati...

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