=+9. In large cities, taxi fares are often set above the mar- ket equilibrium rate. Sometimes the

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=+9. In large cities, taxi fares are often set above the mar- ket equilibrium rate. Sometimes the number of li- censes is limited in order to maintain the above- market price.

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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