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Title: Are the owners of taxicabs in New York City earning large profits because the city severely restrict Post by: Sublight2097 on Jun 20, 2015 Are the owners of taxicabs in New York City earning large profits because the city severely restricts the number of licenses?
A) No, because the city also regulates fares. B) No, because the cost of owning a license absorbs the potential profit. C) Yes, because the number of licenses has not been increased for 50 years. D) Yes, because if they were not the number of taxicabs would decline and profits would rise. E) We cannot tell because profit arises from uncertainty. Title: Re: Are the owners of taxicabs in New York City earning large profits because the city severely rest Post by: Smoooth on Aug 10, 2015 Content hidden
Title: Re: Are the owners of taxicabs in New York City earning large profits because the city severely restrict Post by: Sublight2097 on Aug 31, 2015 Another one in the books, marking it solved.
Title: Re: Are the owners of taxicabs in New York City earning large profits because the city severely restrict Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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