Competitive market and a Noncompetitive market.

Distinguish between a competitive market and a noncompetitive market.

What characterizes each market structure?

What are positives and negatives about each?

What are the barriers to entry to taxis?

What are the arguments provided by taxi drivers for why ride sharing services need to be monitored?

What do ride sharing services argue in defense?

Discuss whether should ride sharing services be allowed to operate freely without having to meet the same requirements as taxi drivers?

Discuss whether should the government step in treat Uber and Lyft like a taxi company and require them to bid for one of the limited ‘medallions’ in a city?

Is this a case of unfair competition? Or unwanted competition?

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