The market price for a New York City taxi medallion is less today than it was in 2013.This is because
A) the city instituted price caps as part of an effort to regulate the monopoly.
B) New Yorkers have turned to walking and bicycling as ways to get around.
C) ridesharing services like Uber have made the medallions less valuable.
D) the city greatly increased the number of medallions by selling new ones.
E) passenger-on-driver crime has made taxi driving a less desirable line of work.
Correct Answer:
Verified
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