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Scientific as well as philosophical bases for determining rate‐making policies have been increasingly questioned by a wider cross section of professional and public interest groups, and the water‐utility industry has begun to respond to criticisms of traditional rate policies. These trends have resulted in several fundamental changes that are more significant than any that have been made since the turn of the century. Acknowledging the new inclinations, this article focuses upon inquiries being made and the resulting responses.
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Steve H. Hanke (1975) studied this question.
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