=+driver is able to sell as many taxi rides as he desires. What is this taxi drivers
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=+driver is able to sell as many taxi rides as he desires. What is this taxi driver’s producer surplus? (Recall that the area of a right triangle is 1/2 the height of the triangle x the base of the triangle.)
b. Suppose that the city keeps the price of a taxi ride set at $4, but it decides to charge taxi drivers a “licensing fee.” What is the maximum licensing fee the
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