3) Prior to 1982, ATamp;T kept local phone rates low by subsidizing them from long-distance profits. Was such cross subsidization in the public

3) Prior to 1982, AT&T kept local phone rates low by subsidizing them from long-distance profits. Was such cross subsidization in the public interest? Explain.

5) How would you put dollar values on the benefits and costs of truck safety regulations? Do befits exceed costs?

6)The Telecommunications Act of 1996 requires local phone companies to charge “reasonable’ rates for transmission access. What is a “reasonable” rate?