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Depends on where you live. In some large cities there is a maximum number of taxis allowed. They have get permits/medallions to operate. In these cities where U
by brixon 9y ago
Depends on where you live. In some large cities there is a maximum number of taxis allowed. They have get permits/medallions to operate. In these cities where Uber is not considered a "taxi" they can operate as many cars as they want.
- optimuspaul 9y agoI don't think that means it is a monopoly.
- kbutler 9y agoIt may be more accurate to call it an oligopoly, but the distortion of the market from limited supply and competition remain the same.
- ecnahc515 9y agoI’d compare it to how ISPs are in the US. Most people believe ISPs have local monopolies which is why Comcast sucks. But we can’t simply change services because laws restrict ability for new ISPs to be started. Same issue with taxis. There are limited options and the medallion model limits the competition and new options from being created to compete.