Camillerose3957 Camillerose3957
  • 02-08-2019
  • Business
contestada

In many large U.S. cities, taxicab companies operate as near monopolies because of_____.
patents
licenses
economies of scale
strategic pricing

Respuesta :

Dryomys Dryomys
  • 09-08-2019

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

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