Use the following to answer questions:
Table: The Market for Taxi Rides 
-(Table: The Market for Taxi Rides) Look at the 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:
Achievement-Oriented Leadership
Emphasizes setting goals, stressing excellence, and showing confidence in people’s ability to achieve high standards of performance.
Milton Friedman
Milton Friedman was an influential American economist known for his work on monetary policy, market capitalism, and the advocacy of free markets.
Sole Purpose
The single, main objective or aim for which something is designed or exists.
Behavioral Approach
A methodology in management and psychology that focuses on understanding and influencing human behavior through observation and empirical evidence.
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