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Author Question: Why does the medallion policy cause inefficiency? (Read 37 times)

audie

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on: Jul 20, 2019
Why does the medallion policy cause inefficiency?
◦ It prevents riders and drivers from doing mutually beneficial transactions.
◦ It decreases the total surplus of the taxi market.
◦ It always decreases producer surplus only.
◦ A and B are correct.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by audie on Jul 20, 2019

dreamfighter72

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audie

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Reply 2 on: Jul 20, 2019
Great answer, keep it coming :)

okolip

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Reply 3 on: Yesterday
Excellent

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