To Own a Taxicab in New York City, You Must

question 215

Essay

To own a taxicab in New York City, you must own a medallion. New York City regulates the number of official cabs by limiting the number of medallions. Explain why the New York cab industry is not competitive by reviewing the four conditions necessary for competition. NYC violates which one?

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Definitions:

Superego

A component of Freud's psychoanalytic theory representing the moral conscience and ideals acquired from society and parents.

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Pleasure Principle

A concept in psychoanalytic theory referring to the drive to seek immediate gratification of needs and desires, avoiding pain or discomfort.

Psychoanalytic

Pertaining to the theory and therapy developed by Sigmund Freud, which focuses on unconscious motivations and conflicts as drivers of human behavior.