The rationale for the economic regulation of transportation.

Question

Want to see more full solutions like this?

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Discuss the four techniques for managing transportation risks

Explain and Describe how is the transportation problem be generalized ?

What are the four primary types of transportation regulation?

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

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

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 3 - Prob. 1SQ Ch. 3 - Prob. 2SQ Ch. 3 - Prob. 3SQ Ch. 3 - Prob. 4SQ Ch. 3 - Prob. 5SQ Ch. 3 - Prob. 6SQ Ch. 3 - Prob. 7SQ Ch. 3 - Prob. 8SQ Ch. 3 - Prob. 9SQ Ch. 3 - Prob. 10SQ

The rationale for the economic regulation of transportation.

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

Explanation of Solution

Want to see more full solutions like this?

Chapter 3 Solutions