In recent years, government regulation of industry has had effects throughout the economy. What began nearly a century ago as a single federal agency to curb monopolistic practices of utilities and railroads has become a maze of commissions applying pricing or investment constraints on industries both with and without monopoly power.
In recent years, government regulation of industry has had effects throughout the economy. What began nearly a century ago as a single federal agency to curb monopolistic practices of utilities and railroads has become a maze of commissions applying pricing or investment constraints on industries both with and without monopoly power.
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