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?