Question
Please listen to the podcast about Taxi Kings(Links to an external site.) on Planet Money, NPR, July 31, 2015 (re-broadcast 2018) and answer all
Please listen to the podcast about "Taxi Kings(Links to an external site.)
" on Planet Money, NPR, July 31, 2015 (re-broadcast 2018) and answer all the questions below.
Here is the link for the podcast: https://www.npr.org/sections/money/2018/05/23/613776997/episode-643-the-taxi-king
After you have listened to the podcast:
- Briefly summarize the story and describe how the monopoly originated.
- How and why is the taxi monopoly changing?
- What is the impetus for change and is it a fair outcome?
4. Explain a situation of price discrimination which you have experienced in a market. Did you pay a higher or lower price than others? Why or why not?
"Please don't use Internet answer (especially answer from C H E G G)! Thank you!
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