Answer to Question #90730 in Microeconomics for SHIEN

Question #90730
How would you expect the introduction of Uber to affect the market for traditional taxi services?
1
Expert's answer
2019-06-12T10:53:29-0400

Uber has reduced the cost of doing business for drivers. Dissatisfaction by customers makes them switch to Uber. Thus, traditional taxi drivers are improving the quality of their services and reduce the cost of transport. 


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