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79
Were claims of excessive freight rates valid? Why?
No; Higgs did a study in 1970 that determined there was not monopoly on long hauls, but there was some limited evidence for short run hauls. However, long hauls were all that were important to farmers.
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010