Deregulation of the taxicab industry is most likely to result in:
A)an increase in the operation of illegal cabs.
B)reduced safety of passengers.
C)a shift of taxicab services from poor neighborhoods to the city.
D)a large financial loss for those who own medallions.

Question

Quizplus · Accepted Answer

Deregulation often leads to increased competition, which can decrease the value of medallions, causing financial losses for those who own them.

Deregulation of the Taxicab Industry Is Most Likely to Result