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Please listen to the podcast about "Taxi Kings (Links to an external site

Economics

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Please listen to the podcast about "Taxi Kings (Links to an external site.)" on Planet Money, NPR, July 31, 2015 (re-broadcast 2018) and answer both parts of the prompt in 250+ words. Be sure to proofread for typos and other spelling/grammar mistakes.

After you have listened to the podcast:

1. Briefly summarize the story and describe how the monopoly originated.
2. How and why is the taxi monopoly changing?
3. What is the impetus for change and is it a fair outcome?

AND

4. Explain a situation of price discrimination which you have experienced in a market. Did you pay a higher or lower price than others? Why or why not?