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This how you know when something becomes a commodity. Uber/Lyft/Taxi/Sidecar they will just be competing on price in the long run, since they all compete in a c
by fosk 12y ago
This how you know when something becomes a commodity. Uber/Lyft/Taxi/Sidecar they will just be competing on price in the long run, since they all compete in a commoditized market, and the player with better ubiquity and infrastructure will ultimately win, because they will be able to cut prices in a way that smaller players won't be able to afford.
- abdullahkhalids 12y agoThis is a problem. If one of them gains a monopoly they will be able to lower service quality, raise prices and still be able to kill/buy off any new small competitor.
- seanp2k2 12y ago...so, like taxi medallions?