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M9 Assignment Urban case Study part 3

M9 Assignment Urban case Study part 3

Q Instructions In this case study assignment, you will analyze the market for urban transportation services, with a particular emphasis on ride-sharing platforms such as Uber and Lyft. Ridesharing is a classic example of a two-sided market, in which a platform firm connects individual service providers (drivers) and customers (riders). Throughout this assignment, the key goal is to apply concepts and models from the course to deepen your understanding of microeconomics and shed light on the case at hand. You will work in groups of three or four, assigned by your instructor. There are three deliverables, described below. For this assignment, you will be turning in Part 3. 1) Describe the economics of the urban transportation ecosystem as it exists in cities like San Jose or San Francisco.

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Like Uber and Lyft, Fasten is also an example of ridesharing for a market. The ridesharing apps trap the passengers easily and the people are attracted by the apps and for that, the demand for cars increases day by day.