question archive In 1988, Canadian government enacted the “Truck Transportation Act, 1988” which effectively deregulated the trucking industry and lowered the barrier for non-trucking companies to enter the industry
In 1988, Canadian government enacted the “Truck Transportation Act, 1988” which effectively deregulated the trucking industry and lowered the barrier for non-trucking companies to enter the industry
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In 1988, Canadian government enacted the “Truck Transportation Act, 1988” which effectively deregulated the trucking industry and lowered the barrier for non-trucking companies to enter the industry. In 1991, Canada suffered an Economic recession. Show in a chart with proper labels, how the supply curve of the Canadian trucking industry reacts to different economic cycles? (5 points) Please explain why the supply curve of the trucking industry is “kinked”.
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