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But isn't this the invisible hand of the market?
by jsilence 6y ago
But isn't this the invisible hand of the market?
- gamblor956 6y agoNo, it's the visible hand of regulation. The airports set the requirements that taxis receiving medallions to pick up passengers from their terminals may not reject passengers based on destination. The flipside is that trips originating from the airport are subject to fixed minimum charges (or fixed mileage rates) that taxis wouldn't get for pickups from other locations.