“In the late nineteenth century, the American government began to respond to monopolies and cartels…” (Sowell). Monopolies and cartels were an enormous problem. They are the main factors in expensive commodities that they controlled. The government has made numerous attempts to take control of the prices. Although there are many different ways, there are two that stick out the most; the role of regulatory commissions and the costs and benefits of anti-trust laws.
The role of the Regulatory commissions ideally was to set the prices of goods and commodities as if there were competition in the marketplace. In reality, there is no way to know what those set prices will be. The function of the regulatory commision isn't as simples as intended. It