From the end of World War II to 1990, Germany was divided into two separate countries, East Germany and West Germany. East Germany operated under a Socialist economic system, which meant that government determined prices of all goods and services, including the price of taxi rides. East German taxi drivers were unhappy with the price set by the government and went on strike to protest. East German taxi drivers demanded that the government reduce the price of taxi rides. Explain why the East German taxi drivers wanted a lower price for their services. As part of your explanation, be sure to identify, define, and apply the concept that is most relevant to this question.

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