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    Business
  3. Study Set
    Macroeconomics Study Set 29
  4. Exam
    Exam 4: Price Controls and Quotas: Meddling With Markets
  5. Question
    Theoretically,the Quota Rent for a New York Taxicab Owner Is
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Theoretically,the Quota Rent for a New York Taxicab Owner Is

Question 1

Question 1

True/False

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

Correct Answer:

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