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Saying that taxis, who are regulated through medallions, are a "monopoly" is like saying that bars are a monopoly because they are regulated by liquor licenses.
by mmcwilliams 10y ago
Saying that taxis, who are regulated through medallions, are a "monopoly" is like saying that bars are a monopoly because they are regulated by liquor licenses.
- PKop 10y agoThey are not a monopoly, you are correct. They are a cartel.
- mmcwilliams 10y agoPrecisely. I don't have a position on whether or not this arrangement is ideal, but I do wish the discussion about it could remain precise.