Legal influences on economic concentration

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 Respond to the following in a minimum of 175 words:

  • Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
  • 1862 Pacific Railway Act
  • 1956 Federal Aid Highway Act
  • 1946 Federal Airport Act
  • What other examples of economic concentration can you share?
  • What are the risks and advantages to economic concentration?
  • How has economic concentration influenced your industry?