Some economic historians argue that the Interstate Commerce Commission

Some economic historians argue that the Interstate Commerce Commission (ICC) was the first case of the “capture” of a federal regulatory commission. What does this mean?

(a) The railroads used the ICC to solve the problems of cartel management.
(b) The users of the railroads—passengers and shippers—influenced the ICC to keep railroad rates high and the quality of those services high.
(c) The railroads used the Commission to keep rates high and keep potential new railroads from entering the business.
(d) Foreign investors high jacked the ICC to protect their railroad investrments.

ANSWER

(a)