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    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    The Quota Rent for a New York Taxicab Owner Is
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The Quota Rent for a New York Taxicab Owner Is

Question 171

Question 171

True/False

The quota rent for a New York taxicab owner is equal to the market price of the license that allows him to drive the cab.

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