(Table: The Market for Taxi Rides) Use Table: The Market for Taxi Rides. If a government quota limit at 6 million rides is imposed, the quota rent accruing to the owner of a taxi medallion will be per ride, but there will be a total missed opportunity (inefficiency) to consumers and producers of million rides. 6 Table: The Market for Taxi Rides Quantity Demanded Fare (millions of rides (per ride) per year) $7.00 6.50 7 6.00 8 5.50 5.00 4.50 4.00 12 3.50 13 3.00 Quantity Supplied (millions of rides per year) 14 13 12 11 10 9 8 7 6 14 $2; 2 $4; 4 O $1; 1 $3; 3