Question: In a big city there are two rival platforms operating for transportation. Platform BX is privately owned, and Platform AC is owned by the drivers.
In a big city there are two rival platforms operating for transportation. Platform BX is privately owned, and Platform AC is owned by the drivers. Both platforms offer their services in all parts of the city for 24 hours. Their market shares are very similar to each other.
- How are revenues generated in the platform BX? For which stakeholder, the revenues are generated? Explain.
- How are revenues generated in the platform AC? For which stakeholder, the revenues are generated? Explain.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
