In 1986, the U.S. Congress enacted a regulation (PL99-509) requiring railroads to disclose contractual terms with grain shippers. Following the passing of the regulation, rates increased on corridors with no direct competition from barge traffic, while rates decreased on corridors with substantial direct competition. How do you interpret these events?

In 1986, the U.S. Congress enacted a regulation (PL99-509) requiring railroads to disclose contractual terms with grain shippers. Following the passing of the regulation, rates increased on corridors with no direct competition from barge traffic, while rates decreased on corridors with substantial direct competition. How do you interpret these events?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter9: Monopoly

Section: Chapter Questions

Problem 1QFR

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