Re: \"Taxi monopolies\" or \"Why are there so many drunk drivers on the r
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Cab companies don't *have* to offer more services in a "more regulated market". By artificially restricting supply compared to demand, the government ensures that any cabby can do the minimum and charge the maximum and always have a warm body in the back seat any time he wishes.
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Many industries enjoy being regulated because the regulators keep competitors outs.
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Of course they do. I'd imagine that just about every restaurant owner in DC loved the idea of smoking bans. They take the edge off of having to compete.
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