Chapters 16 Written Assignment
Please listen to the podcast about "Taxi Kings (Links to an external site.)" on Planet Money, NPR, July 31, 2015 (re-broadcast 2018) and answer both parts of the prompt in 250+ words. Be sure to proofread for typos and other spelling/grammar mistakes.
After you have listened to the podcast:
Briefly summarize the story and describe how the monopoly originated.
How and why is the taxi monopoly changing?
What is the impetus for change and is it a fair outcome?
AND
- Explain a situation of price discrimination which you have experienced in a market. Did you pay a higher or lower price than others? Why or why not?
1964 Checker Taxi Cab
Written Assignment Instructions
Please type your document using a word processing software and submit to the Dropbox in Word format. Your written assignment must be at least one page (250+ words long) and should include detailed explanations and examples. You must explain all answers in detail in at least a paragraph for each answer (short answers will lose credit). Please use complete sentences. Take the time to truly reflect and explore each question, coming up with a well developed answer. Make sure to use professional grammar and punctuation in this college level course. Please avoid “text” or “twitter speak” when corresponding.
Link to the podcast: https://www.npr.org/sections/money/2018/05/23/613776997/episode-643-the-taxi-king