According to "Sleep Rules Raise Trucking Costs," in 2013 the Federal Motor Carrier Safety Administration estimated the new rules regulating the transportation industry would cost trucking companies about $2 billion.What benefits did the government expect from the costly regulations?
A) Reduced highway fatalities.
B) Reduced wear and tear on highways.
C) Punishment of an excessively profitable industry.
D) Increased efficiencies.
Correct Answer:
Verified
Q102: Q103: The major problem with price efficiency regulation Q104: Q105: The term market failure means the market Q106: One In the News article says that Q108: Regulated monopolies that are allowed a specific Q109: The concept of laissez faire calls for Q110: Profit regulation is desirable because if a Q111: A natural monopolist can produce total industry Q112: Eliminating economic profit of a natural monopolist![]()
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