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Social Studies, 03.03.2020 06:02 lpierce35

If a government quota limit at 6 million rides is imposed, the quota rent accruing to the owner of a taxi medallion will be per ride, but there will be a total missed opportunity (inefficiency) to consumers and producers of million rides.

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If a government quota limit at 6 million rides is imposed, the quota rent accruing to the owner of a...

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