What type of market structure does this industry operate in? Are there still barriers to entry in this market? Should the government alter their regulations of the industry?

Business Decision in Economics
Token increase in medallions have been authorized and now stand at 13,587 .
The commission is caught up in a crossfire. Consumer advocates argue about standards of service and fares.

There are substitute products available. Should additional medallions be authorized and sold to potential cabbies? Would this be good for the industry or not? Is the regulatory burden too little or too much?

What type of market structure does this industry operate in? Are there still barriers to entry in this market? Should the government alter their regulations of the industry?