When the Motor Carrier Act of 1980 Was Made into Law

question 474

Multiple Choice

When the Motor Carrier Act of 1980 was made into law, new firms entered into the trucking industry. This action by new trucking firms confirm that:

• A)the trucking industry was earning profits in the long run prior to the entry of the new firms.
• B)the trucking industry was earning losses in the long run prior to the entry of the new firms.
• C)the trucking industry was earning profits as a result of the entry of the new firms.
• D)the trucking industry was earning losses before and after the entry of the new firms.

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