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Answer:
The ICC was designed to regulate railroads and to ensure fair rates.
Explanation: The ICC was one of the earliest attempts to regulate the railroad industry.
Answer:
Monopolies hinder competition because by definition, they are anti-competitive.
Explanation:
A monopoly is a firm that is the sole provider of a good for which there are no close substitutes.
Monopolies charge higher prices than they would in a competitive enviroment, and for this reason, they benefit the monopoly at the expense of the consumers.
Governments can set several policies to reduce monopoly power. One policy is simply to prohibit monopolies from forming, which is the case for most industries in developed nations.
Another policy is to simply take over the monopoly, and make it a public enterprise, so that the extra economic benefits of the monopoly are shared with the people (at least in theory).
Answer:
Freedom, natural rights, and self determination.
Explanation:
An Enlightenment philosopher the influenced the revolutions was John Locke. John Locke had the idea of natural rights, where all men are born equal. He also had the idea that governments are supposed to protect these natural rights and private property of its citizens. Another idea he had was that the government could and should be overthrown if its people are "unsatisfied". John Locke's idea of natural rights influenced a lot of major revolutions in history.
