Multiple Choice
Use the following to answer questions:
Table: The Market for Taxi Rides
-(Table: The Market for Taxi Rides) Use Table: The Market for Taxi Rides.If a government quota limit at 7 million rides is imposed on this market,the quota rent that will accrue to the owner of a taxi licence will be _____ per ride,but there will be a total missed opportunity (inefficiency) to consumers and producers of _____ million rides.
A) $1;1
B) $2;2
C) $3;3
D) $4;4
Correct Answer:

Verified
Correct Answer:
Verified
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