Because of competition from Uber, Lyft, and other ride-sharing services, the cost of obtaining a medallion to
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Because of competition from Uber, Lyft, and other ride-sharing services, the cost of obtaining a “medallion” to offer legal taxi services has fallen just about everywhere in the United States. Does that mean you should be more interested in purchasing a taxi “medallion” than you would have been when they were sold at much higher prices?
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Probably not At any point in time the market value of a taxi medallion reflects the discounted prese...View the full answer
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