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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    The System of Taxicab Medallions in New York City Is
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The System of Taxicab Medallions in New York City Is

Question 156

Question 156

Multiple Choice

The system of taxicab medallions in New York City is an example of a:


A) price ceiling.
B) nonbinding price ceiling.
C) price floor.
D) quantity control.

Correct Answer:

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