In rich countries governments almost always set the fares, Microeconomics

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In rich countries governments almost always set the fares

Question: In rich countries, governments almost always set the fares for taxi rides. The prices for taxi rides are the same in safe neighborhoods and in dangerous neighborhoods. Where is it easier to find a cab? Why? If these taxi price controls were ended, what would probably happen to the price and quantity of cab rides in dangerous neighborhoods?

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Microeconomics: In rich countries governments almost always set the fares

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Microeconomics: In rich countries governments almost always set the fares

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