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Vending Woes

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2009_08_hot-dog.jpgFreakonomics weighs in on the hot dog vendor who was evicted after falling behind on his $362,000 rent, figuring that even if the vendor sold a hot dog and a drink every single minute the Met is open, he'd only clear $500 a day after rent, concluding, "If the city were to issue many more licenses, we would see more vendors, cheaper hot dogs, but, in the end, no higher net returns to the vendors." [Freakonomics; previously]