1, Before Grab acquired Uber, what type of market structure did Grab and Uber operate in? Why did Uber make loss along the years?

4.Based on your answer for the questions 1 to 3, give critical comments on if " Grab acquired Uber" is a good move and if the government should intervene in some ways?

Price control?

Tax?

Anything else?

Articles

https://www.straitstimes.com/business/companies-markets/grab-buys-ubers-south-east-asia-business-uber-gets-275-stake-in-grab

https://www.todayonline.com/singapore/big-read-why-grab-uber-deal-making-some-uneasy

Questions 1,2,3

Attachment 1
Attachment 2
Attachment 3

1, Before Grab acquired Uber, what type of market structuredid Grab and Uber operate in? Why did Uber make loss along the years? ° Oligopoly for private car market (two players: duopoly)° Characteristics 0 A few players have significant market share (research)- Selling similar good/service ° Relatively high barrier of entry (research) ° Interdependent — kinked demand curve 0 Reduce price, sales donot increase substantially. - Graph the loss