1) How does the New York taxicab industry work? What are the fixed versus variable costs? What is the income profile of taxi drivers versus Uber/Lyft drivers? 2) What are the growing pressures on the New York taxicab drivers? Discuss Uber and Lyft drivers, highlighting their fixed and variable costs as well, along with their profitability. 3) What is your short-term and long-term outlook for the New York taxicab industry? Is it time to invest here? Your analysis should look at the recent trends in taxicab medallion prices and your outlook on this front as well.