M8 Assignment: Urban Transit Case Study, Part 2 (Group) Start Assignment Due Monday by 11:59pm Points 80 Submitting a le upload Instructions In this case study assignment, you will analyze the market for urban transportation services, with a particular emphasis on ridesharing platforms such as Uber and Lyft. Ridesharing is a classic example of a two-sided market, in which a platform rm 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 2. Part 1: Getting a Ride Describe the economics of the urban transportation ecosystem as it exists in cities like San Jose or San Francisco. . What are the key modes of transit? (Take a broad view of potential transit options.) . For each transit mode, who are the key players in the market, on both the demand side and the supply side? What is the market structure perfect competition, monopolistic competition, monopoly, or oligopoly? Are there barriers to entry? How does government play a role in each market? o How did the entry of ridesharing services! platforms like Uber and Lyft affect the various incumbent players in the transit markets? o Economists dene market failures as cases in which the unregulated market fails to achieve efficiency (maximize total surplus). Are there market failures associated with urban 11lesilonjjneleamingscuedufcomsesfifassignmemsf12932?module_item_id=4?05