Use the following to answer question: 
-(Table: The Market for Taxi Rides) Use Table: The Market for Taxi Rides.If a government quota limit at 7 million rides is imposed on this market,the quota rent that will accrue to the owner of a taxi medallion will be _____ per ride,but there will be a total missed opportunity (inefficiency) to consumers and producers of _____ million rides.
Definitions:
Irrational Logic
An oxymoronic phrase suggesting a form of reasoning that does not follow the principles of logical coherence, often driven by emotion or cognitive biases.
Friends University
An independent, non-denominational Christian university located in Wichita, Kansas, known for its emphasis on liberal arts education.
Intercollegiate Debate Team
A group of students from one college or university who compete against teams from other institutions in structured arguments on specified topics.
Religious Upbringing
The process of upbringing influenced by religious beliefs, values, and practices, which can shape an individual's morals and worldview.
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