Uber is one of the giant corporations and its mobile app allows consumers to arrange transportation using a smartphone Uber is currently operating in more than 60 countries thanks to the new technology and the fluidity of mobile connectivity Uber technologies collects customers requests and routes them nearby drivers who can serve them a smartphone is thereby an essential component of a drivers operational tools Uber technologies Inc emerged in 2009 as the dominant player in the ride sharing industry since it has been omnipresent and immerse Uber competes with several similar services  Justify the type of market structure that Uber operates in and evaluate the likelihood of Uber making an economic profit in the long run

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Uber is one of the giant corporations and its mobile app allows consumers to arrange transportation using a smartphone Uber is currently operating in more than 60 countries thanks to the new technology and the fluidity of mobile connectivity Uber technologies collects customers requests and routes them nearby drivers who can serve them a smartphone is thereby an essential component of a drivers operational tools Uber technologies Inc emerged in 2009 as the dominant player in the ride sharing industry since it has been omnipresent and immerse Uber competes with several similar services 

Justify the type of market structure that Uber operates in and evaluate the likelihood of Uber making an economic profit in the long run 

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