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Markets are still markets when subsidy is involved. In this case the market behaves as an oligopoly: it's dominated by two firms.
by jacques_chester 7y ago
Markets are still markets when subsidy is involved. In this case the market behaves as an oligopoly: it's dominated by two firms.
- xref 7y agoGP specifically claimed Uber was an efficient market, not simply a market. (Regardless, Uber is in a market, but it is not itself a market)
- jacques_chester 7y agoGood call. I think the discussion comes down to the difference between Uber being in the market vs Uber being a marketplace. The former is where subsidy and oligopoly belong. The latter is where Uber superficially resembles a market but is not.