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Consider the markets in which Uber Eats operates. Who are the producers and consumers in these markets? Are these markets perfectly competitive? Explain why or

  1. Consider the markets in which Uber Eats operates. Who are the producers and consumers in these markets? Are these markets perfectly competitive? Explain why or why not, considering the assumptions of a perfectly competitive market.
  2. Consider the market for delivered meals before the introduction of Uber Eats (and other similar services). Was the introduction of Uber Eats a Pareto improvement? Explain why or why not. You may wish to support your answer with a graph, but this is not required. If your answer is "no", explain whether it would be possible to design a way to introduce the Uber Eats service in a way that leaves everyone at least as well off (in terms of economic surplus) as they were before.(Note: You can be the "dictator" in this hypothetical, meaning that you can organise Uber Eats, allocate resources, direct payments, etc., however you see fit.)

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