What impact do lower transportation costs have on the market


Problem

Historically, the real cost of transporting both goods and people has declined substantially. What impact do lower transportation costs have on the market power of individual producers? Do you think the U.S. economy is more or less competitive today than it was 100 years ago? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What impact do lower transportation costs have on the market
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