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If New York City had no medallion system for taxicabs, the price of a taxicab ride would:?

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A) increase because of the higher safety hazards.

B) not change from its current level.

C) decrease.

D) increase, but only slightly.

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  1. C) decrease.

    People could form their own cab companies without having to pay the $50,000 for a medallion.  They could charge less for rides and still cover costs of operation.

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