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AT&T benefits capital commission communications competition consumer sovereignty cost-based pricing countries customers decision decline demand deregulation developed economies of scale effects efficiency employment entry equity equivalence principle established exist federal FEZs financing free economic zones freight Germany groups growth important incentive increased inefficient innovation institutional interest investment labor liability licensing long-distance lower marginal cost ment motor carriers natural monopoly nomic offered old firms operating companies percent political politicians possible private firms private production private sector problem profits protection public employees public enterprise public production public sector public services rail railroads rates reduced regulatory result revenue risk road haulage safety regulation share shippers standards structure suppliers tariffs taxation telecommunications telephone Teletex terminal equipment theory tion traffic transport trucking industry trucking regulation unions value-based pricing welfare West Germany