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Motor Carrier Industry

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How does economic regulation affect a potential motor carrier's ability to enter the market? Regulations imposed on the motor carrier industry have two sided effects on the US economy. The motor carrier industry is a vital aspect of the US economy, transporting goods all across the world. First let’s explore the term regulation this is a law or rule placed into effect by the Federal Motor Carrier Safety Administration (FMCSA) this administration creates and implements the regulations for various reasons, safety, driver qualifications, hours of service, fuel costs and fuel standards and emissions. As with anything when enough restrictions are applied the effects often mean a loss in economic growth. After 9/11 the transportation industry was

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