There are winners and losers from licensing programs such as a taxi medallion policy.The losers are producers,who receive lower prices for taxi rides.

Question

Quizplus · Accepted Answer

The losers in a taxi medallion policy are typically consumers and potential new entrants (drivers) due to higher prices and barriers to entry, while existing medallion holders (producers) benefit from restricted competition.

There Are Winners and Losers from Licensing Programs Such as a Taxi