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The market fare is also affected by the number of cabs - if the number of cabs available significantly exceeds the demand for cabs, the market fare will fall.
by caf 14y ago
The market fare is also affected by the number of cabs - if the number of cabs available significantly exceeds the demand for cabs, the market fare will fall. This means that each additional cab on the road is a double-whammy against the profitability of all cabs - it reduces the market fare and it increases the average idle time.