Analyze the market before Uber's entry. Describe the inefficiency Uber exploited. Explain Uber's surge pricing in the
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Question:
- Analyze the market before Uber's entry. Describe the inefficiency Uber exploited.
- Explain Uber's surge pricing in the context of shifts in supply and demand.
- Evaluate Uber's surge pricing in the context of price discrimination.
- Apply the concepts of economies of scale and economies of scope to Uber's business model.
- Apply the concepts of game theory to Uber's market.
- Assess Uber's potential for international expansion and potential trade policy issues.
- Explain the incentive pay model Uber uses and how it affects the principal-agent problem.
- Discuss any asymmetric information issues with Uber's business model.
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