|
|
|
|
|
|
by busterarm
4218 days ago
|
|
|
The taxi monopoly is really more of a government monopoly than a business one. This is especially true in NYC. Sure, big companies own groups of medallions and single owners hadn't been able to get one (until this year) for 20+ years, but medallions are very illiquid assets. The resale value on them is much less than what the city gets for new ones issued at auction. There's tons of state-controlled monopolies out there if you look hard enough. |
|
|