=+What will that rule do to the price of the medallion?

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Economics

ISBN: 9780071214476

5th Edition

Authors: David Colander

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Question Posted: Oct 14, 2024 06:00 AM

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=+What will that rule do to the price of the medallion?
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=+ b. In the early 1990s, the New York City Taxi Commis sion promulgated a rule that required single-cab medallion owners to drive their cabs full-time.
=+c. If New York City increased the number of medallions by 1,000, selling the additional 1,000 at the market rate, and gave half the proceeds to owners of existing medallions,
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=+What will that rule do to the price of the medallion?

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Economics

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