Traditionally taxi drivers were only paid by the mile. a, Ask an Expert

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Traditionally, taxi drivers were only paid by the mile. A couple of decades ago, Yellow cab experimented with paying the same per mile rate plus a fixed fee every time a customer got in the cab.

1. How does this change driver behavior?

2. Are cab companies better off?

3. Does the additional fixed fee mean that consumers are worse off?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9445544

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