Econs+Mkt+Struc+Proj+(Taxi+operator+market)



Write up: The taxi operator market is considered as a monopoly, as the ComfortDelGro Corporation holds more than 25% of market share. Our project talks about the features and behaviours of the taxi operator market. From these two factors, we are able to derive the efficiency of the ComfortDelGro Corporation, which is static inefficient- allocative and productive inefficient, but dynamic efficient. This is a relevant example of a monopoly market, and shows th ﻿ at a pure monopoly does not exist in the real world because of the presence of close yet imperfect substitutes.

Done by: Wynn, Joe Yee, Danica, Sofia. 11S415 :)

=**__COMMENTS: please include your names after you commented!__**=

I feel that the company chosen ComfortDelGro is suitable to describe that of a monopoly and the different merits and demerits of the firm is well elaborated and brought up. Diagrams were also shown quite clearly.(: - Angeline

This example used is a very good example and it is clearly explained especially when discussing about the 2nd degree price discrimination. It is also good that the barriers of entry was elaborated by classifying and explaining whether it is state or firm created. Well done ! ^^ - Michelle.

I echo that using ComfortDelGro is an appropriate example to use for a natural monopoly. However, i was wondering if it would be more accurate to describe whether P not equals to MC and the company producing at the falling portion of the LRAC (illustrated by the diagram) instead of explaining in words when discussing about allocative and productive efficiency? Hee is it? :) Good job anyway! I like the 2nd degree price discrimination part, i wouldn't have thought of it. Good write-up too! :) - Serene