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by rayiner
4929 days ago
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There are regulated industries then there are utility monopolies. In the latter case, the monopoly is part of the bargain that convinces a private company to get into a business subject to a particularly onerous regulation. Cab services are basically like utility monopolies. Protection from competition is part of the bargain cities make with them to get them to do abstain from doing otherwise sensible things like not serving unprofitable routes. |
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