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Effect of Motor Carrier Act on US trucking industry

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Explain:

(a) In what way the U.S trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980 and (b) the result of the passage of the Motor Carrier Act in 1980.

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(a) The Motor Carrier Act of 1935 required new truckers to seek a "certificate of public convenience and necessity" from the ICC (Interstate Commerce Commission). New or expanded authority to transport goods was almost ...

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