1.2 In 1883, the Lightning Bolt train provided the only rail transportation between Cedar Rapids, Iowa, and Chicago. Farmers had no choice but to ship their corn to Chicago on the Lightning Bolt. At the time, some farmers claimed that the railroad charged “all that the traffic would bear.”

If you had been the manager of the Lighting Bolt, what rate would you have charged, and why? Is your rate “all that the traffic will bear”?