Use the Following to Answer Questions

question 7

Multiple Choice

Use the following to answer questions:
Table: The Market for Taxi Rides
-(Table: The Market for Taxi Rides) Use Table: The Market for Taxi Rides.If a government quota limit at 9 million rides is imposed,the quota rent that will accrue to the owner of a taxi licence will be _____ per ride,but there will be a total missed opportunity (inefficiency) to consumers and producers of _____ million rides.

• A) $1;1
• B) $2;2
• C) $3;3
• D) $4;4

---

Definitions:

Member

An individual who belongs to a group, organization, or community and typically has certain rights, responsibilities, or roles within it.

Socialization Agents

Individuals, groups, or institutions that play roles in integrating people into the social structure, helping them to adopt the behaviors and norms of society.

Co-Workers

Individuals who work together in the same organization or on the same team, often sharing responsibilities and goals.

Shared Assumptions

Deeply held beliefs within an organization's culture that are often taken for granted but influence behaviors and decision-making processes.