The rationale for the economic regulation of transportation.

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Answer 1

Question

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

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Answer 2

Question

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

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Answer 3

Question

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

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Answer 4

Question

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

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Answer 5

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

Answer 6

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

Answer 7

Chapter 3, Problem 1SQ

Summary Introduction

To explain: The rationale for the economic regulation of transportation.

Answer 8

Expert Solution & Answer

Explanation of Solution

The rationale for the economic regulation of transportation:

In any industry, it is natural when a monopoly occurs. The government has three options to make the industry to be more competitive and fair. It is possible through economic regulations, nationalization, and antitrust laws. Transportation is vital to the economy and the defense of a nation, the government must ensure that a competitive industry is present.

Two types of transportation have natural monopolistic tendencies: they are pipeline and railroad. The pipeline transportation model is privately owned and so does not need economic regulation. The railroads, on the other hand, were economically regulated in the year 1987 because there were no antitrust laws created in Country U which tend to nationalize the industries. This was done to ensure that there are no monopolistic abuses practices by the railroads against small level farmers and to ensure that there is a competitive and fair industry is present.

Answer 9

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Answer 10

Expert Solution & Answer

Answer 11

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The rationale for the economic regulation of transportation.

To explain: The rationale for the economic regulation of transportation.

Explanation of Solution

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