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:

1. Briefly summarize the story and describe how the monopoly originated.
2. How and why is the taxi monopoly changing?
3. 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?

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