-When a city licenses only three taxi firms to serve the entire market, the city has created a

Name: -When a city licenses only three taxi firms to serve the entire market, the city has created a
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This is an example of a legal oligopoly because the city has legally limited the number of firms (to three) that can operate in the taxi market, creating a situation where a few firms dominate.

-When a City Licenses Only Three Taxi Firms to Serve