Any topic (writer’s choice)
Instructions
1. Read article ” Opinion: Basic economics means Uber and Lyft cant rely on driverless cars to become profitable” The article discusses the profitability of ridesharing companies such as UBER and Lyft and suggests that introducing driverless cars alone wont improve profit positions of ridesharing companies.
2. Create a paper in the form of an APA formatted article that addresses the following questions. Please use apply concepts and theories learned from the textbook to support your ideas, including at least 1 intext citation.
o What sort of industry are ridesharing companies operate in terms of competition structure in the marketplace? Cant we see some other companies, in the future, enter this market? Explain why or why not.
o The price competition between UBER and Lyft, both publicly trading companies now) lowers the prices to the benefit of consumers (riders) at the expense and losses.
Can they not be profitable if there is pretty much only two firms servicing the market? Explain.
In addition, explain what some of the direct and indirect costs and risks might be (ethical and legal perspective might be useful) that these companies face.
o The article concludes by suggesting that these companies should look elsewhere for improving their profitability. What does that mean? Provide some examples.
https://www.marketwatch.com/story/basic-economics-means-uber-and-lyft-cant-rely-on-driverless-cars-to-become-profitable-2019-08-12
Farnham, P. G. (2014). Economics for managers (3rd ed.). Upper Saddle River, NJ: Pearson Education, Inc.
o Chapter 9
o Chapter 10
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
